Title X TAXATION AND REVENUE Chapter 143 • Effective - 01 Jan 1973, see footnote 143.271. Period for computation of taxable income. — 1. For purposes of taxes imposed by sections 143.011 to 143.996, a taxpayer's taxable year shall be the same as his taxable year for federal income tax purposes. 2. If a taxpayer's taxable year is changed for federal income tax purposes, his taxable year for purposes of the tax imposed by sections 143.011 to 143.996 shall be similarly changed. If a change in taxable year results in a taxable period of less than twelve months, the deductions allowed by sections 143.011 to 143.996 shall be prorated under regulations prescribed by the director of revenue. -------- (L. 1972 S.B. 549) Effective 1-1-73
Missouri Legal Code