92.110. Tax may be levied on earnings and profits (St. Louis). - Missouri Statutes

Tax may be levied on earnings and profits (St. Louis).

92.110. Any constitutional charter city in this state whichnow has or may hereafter acquire a population in excess of sevenhundred thousand inhabitants, according to the last federaldecennial census, is hereby authorized to levy and collect, byordinance, for general revenue purposes, an earnings tax on thesalaries, wages, commissions and other compensation earned by itsresidents; on the salaries, wages, commissions and othercompensation earned by nonresidents of the city for work done orservices performed or rendered in the city; on the net profits ofassociations, business or other activities conducted byresidents; on the net profits of associations, businesses orother activities conducted in the city by nonresidents; and onthe net profits earned by all corporations as the result of workdone or services performed or rendered and business or otheractivities conducted in the city.

(Reenacted L. 1953 2d Ex. Sess. p. 14 § 1)

(2000) Stock options granted to corporate employees as part of compensation for services rendered were "earnings" taxable pursuant to section. Ralston Purina Co. v. Leggett, 23 S.W.3d 697 (Mo.App.E.D.).