Supplement: MO SB1365 | 2024 | Regular Session | Summary: Introduced
For additional supplements on Missouri SB1365 please see the Bill Drafting List
Bill Title: Authorizes an income tax deduction for certain research expenses
Status: 2024-04-22 - Voted Do Pass S Economic Development and Tax Policy Committee [SB1365 Detail]
Download: Missouri-2024-SB1365-Summary_Introduced.html
Bill Title: Authorizes an income tax deduction for certain research expenses
Status: 2024-04-22 - Voted Do Pass S Economic Development and Tax Policy Committee [SB1365 Detail]
Download: Missouri-2024-SB1365-Summary_Introduced.html
SB 1365 - Federal law requires taxpayers to amortize the deduction for research and experimental expenses over a period of years. This act allows a taxpayer to deduct the full amount of such expenses for the taxpayer's state income taxes during the tax year in which they were incurred.
This act is identical to HB 2457 (2024).
JOSH NORBERG
