Business Coalition Pleased with Missouri TCJA Guidance - McDermott Will & Emery

Business Coalition Pleased with Missouri TCJA Guidance

Overview


Stephen Kranz said that under the Missouri Department of Revenue’s new guidance, repatriation income of taxpayers using a single-factor formula in Missouri “will likely be excluded from the tax base as non-Missouri-source dividend income.” Kranz previously sought this guidance on behalf of the State Taxes After Reform Partnership.