Missouri § 143.2110 - Income tax deduction for cargo — amount, claiming procedure.
Full text of Missouri Revised Statutes of Missouri § 143.2110 — Income tax deduction for cargo — amount, claiming procedure., with citation guidance and answers to common questions.
§ 143.2110. Income tax deduction for cargo — amount, claiming procedure.
1. As used in this section, unless the context clearly indicates otherwise, the term "international trade facility" shall mean a company that:
(1) Is doing business in the state and engaged in water port or airport related activities including, but not limited to, warehousing, distribution, freight forwarding and handling, and goods processing;
(2) Has the sole discretion and authority to move cargo in containers or noncontainerized, originating or terminating in the state;
(3) Uses water-connected port facilities or airport facilities located in the state; and
(4) Uses airplanes, barges, trucks, or rail systems to move cargo, in containers or noncontainerized, through water port facilities or airports in the state.
2. For tax years beginning on or after January 1, 2017, but before January 1, 2023, a company that is an international trade facility shall be allowed a twenty-five dollar deduction per TEU or equivalent of noncontainerized cargo moved by airplane, barge, or rail.
3. In no case shall more than two million dollars in deductions be claimed under this section in any fiscal year of the state. The international trade facility shall not be allowed to claim any deduction under this section unless it has applied to the department for the deduction and the department has approved the deduction. The department shall determine the deduction amount allowable for the year and provide a written certification to the international trade facility, which certification shall report the amount of the deduction approved by the department. The international trade facility shall attach the certification to the applicable tax return.
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(L. 2016 S.B. 861)
---- end of effective 28 Aug 2016 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 143.2110
What does Revised Statutes of Missouri § 143.2110 cover?
Section 143.2110 ("Income tax deduction for cargo — amount, claiming procedure.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 143.2110?
A common citation format is "Revised Statutes of Missouri § 143.2110" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 143.2110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.