Missouri § 148.140 - Credit institutions subject to annual tax — rate — credits.
Full text of Missouri Revised Statutes of Missouri § 148.140 — Credit institutions subject to annual tax — rate — credits., with citation guidance and answers to common questions.
§ 148.140. Credit institutions subject to annual tax — rate — credits.
1. Every credit institution as herein defined shall be subject to an annual tax for the privilege of exercising its franchise within the state of Missouri, according to and measured by its net income for the preceding calendar year.
2. The rate of tax for each taxable year shall be seven percent of such net income.
3. Each taxpayer shall be entitled to credits against the tax imposed by sections 148.120 to 148.230 for all taxes paid to the state of Missouri or any political subdivision thereof during the relevant income period, other than taxes on real estate, contributions paid pursuant to the unemployment compensation tax law of Missouri and taxes imposed by said sections.
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(L. 1945 p. 1937 § 3, A. 1949 S.B. 1031)
---- end of effective 28 Aug 1949 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 148.140
What does Revised Statutes of Missouri § 148.140 cover?
Section 148.140 ("Credit institutions subject to annual tax — rate — credits.") 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 § 148.140?
A common citation format is "Revised Statutes of Missouri § 148.140" (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 § 148.140 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.