143.341. Missouri taxable income of resident estate or trust. - Missouri Statutes

Missouri taxable income of resident estate or trust.

143.341. 1. The Missouri taxable income of a residentestate or trust means its federal taxable income subject to themodifications in this section.

2. There shall be subtracted the amount if any that thefederal personal exemption deduction allowable to the estate ortrust exceeds its federal taxable income without its personalexemption deduction.

3. There shall be added or subtracted, as the case may be,the modifications described in sections 143.121 and 143.141, andthere shall be subtracted the federal income tax deductionprovided in section 143.171. These additions and subtractionsshall only apply to the extent that they are not determinants ofthe federal distributable net income of the estate or trust.

4. There shall be added or subtracted, as the case may be,the share of the estate or trust in the fiduciary adjustmentdetermined under section 143.351.

(L. 1972 S.B. 549)

Effective 1-1-73