143.141. Itemized deductions, when authorized, how computed.

MISSOURI STATUTES AND CODES

143.141. Itemized deductions, when authorized, how computed.

Itemized deductions, when authorized, how computed.

143.141. If federal taxable income of a resident individual isdetermined by itemizing deductions from his federal adjusted gross income, hemay elect to deduct his Missouri itemized deduction in lieu of his Missouristandard deduction. The Missouri itemized deduction of a resident individualmeans the allowable federal itemized deductions which consist of allowablefederal deductions other than those allowable in arriving at federal adjustedgross income and other than the federal deductions for personal and dependencyexemptions, with the following modifications:

(1) Reduced by the proportional amount thereof representing the taximposed by sections 143.011 to 143.998;

(2) Reduced by the proportional amount thereof representing any incometaxes imposed by another state of the United States or a political subdivisionthereof or the District of Columbia;

(3) Increased by the fair market value of a literary, musical,scholarly, or artistic composition contributed to any tax exempt agency orinstitution which is operated on a not-for-profit basis by any taxpayer whosepersonal efforts created such composition less the amount deducted fromfederal adjusted gross income attributable to such contribution. The fairmarket value of such literary, musical, scholarly or artistic compositionshall be determined by written appraisal of the property by a person qualifiedto make such an appraisal other than the taxpayer, the donee, or any "relatedtaxpayer" within the meaning of such term as defined by sections 267(b) and1313(c) of the Internal Revenue Code, as amended. The appraisal shall be madewithin one year of the date of the donation and attached to the taxpayer'sincome tax return;

(4) Increased to the extent not otherwise deductible, by the taxes forthe same taxable year for which the return is being filed that are imposed bythe following provisions of the Internal Revenue Code:

(a) Section 3101, relating to the tax on employees under the FederalInsurance Contributions Act;

(b) Sections 3201 and 3211, relating to the taxes on railroad employeesand railroad employee representatives under the Railroad Retirement Tax Act;

(c) Section 1401, relating to tax on self-employment income, to theextent that such taxes were not deducted in the computation of the taxpayer'sfederal adjusted gross income under the Internal Revenue Code of 1986, asamended.