Missouri § 143.301 - Transitional adjustments.
Full text of Missouri Revised Statutes of Missouri § 143.301 — Transitional adjustments., with citation guidance and answers to common questions.
§ 143.301. Transitional adjustments.
The director of revenue shall prescribe regulations dealing with situations in which the application of sections 143.011 to 143.996 to a taxpayer produces a computation of taxable income under a method of accounting different from the method under which the taxpayer's taxable income for the previous year was computed for Missouri income taxation. The regulations shall provide change of accounting method adjustments over a period not to exceed five years where the adjustments are necessary to prevent substantial amounts from being duplicated or omitted.
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(L. 1972 S.B. 549)
Effective 1-1-73, see § 143.109
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Frequently Asked Questions About Missouri § 143.301
What does Revised Statutes of Missouri § 143.301 cover?
Section 143.301 ("Transitional adjustments.") 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 § 143.301?
A common citation format is "Revised Statutes of Missouri § 143.301" (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 § 143.301 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.