Missouri Revenue

Decoupling from the Federal Bonus Depreciation Could Save Missouri Millions

The federal tax law signed in December allows businesses to utlize accelerated investment expensing.  As a result, Missouri will lose as much as $143 million in state corporate tax revenue from 2011-2012.  Missouri can prevent this loss by enacting a provision in its own tax code, as was done in 2002 with bipartisan support.  To learn more, click here.