347.187. Classification for purposes of taxation--treatment. - Missouri Statutes

Classification for purposes of taxation--treatment.

347.187. 1. A limited liability company created pursuant to sections347.010 to 347.187 or entering the state pursuant to sections 347.010 to347.187 and its authorized persons, or their equivalent, shall have theduty to withhold and pay such taxes as are imposed by the laws of thisstate or any political subdivision thereof on a basis consistent with suchlimited liability company's classification pursuant to Section 7701 of theInternal Revenue Code of 1986, as amended.

2. Solely for the purposes of chapter 143, RSMo, chapter 144, RSMo,and chapter 288, RSMo, a limited liability company and its members shall beclassified and treated on a basis consistent with the limited liabilitycompany's classification for federal income tax purposes.

(L. 1993 S.B. 66 & 20 § 359.832, A.L. 1996 H.B. 1368, A.L. 1997 H.B. 655 merged with S.B. 170)

Effective 6-24-97 (H.B. 655) 5-20-97 (S.B. 170)