Section 23 Constitutional Conflicts Among Political Subdivisions

• Library: Tax Law 2009

The income portion of the annual tax specifically imposed on banks by the Bank Tax Law of 1946, §§ 148.010–148.110, now RSMo 2000 and Supp. 2007 (Missouri Bank Tax), less a two percent collection fee retained by the state, must be returned to the county treasurer of the county where the bank is located by December 15 of each year. Section 148.080, RSMo 2000. Before the 1986 amendments to Missouri’s tax law, these rules applied to the entire portion of the bank tax that, as has been previously discussed, was essentially equivalent to the income portion of the Missouri Bank Tax after the 1986 amendments. The Director of the Missouri...