Corporate income exempt from income tax.
Mo. Rev. Stat. § 371.220
in effect371.220. Corporate income exempt from income tax. — All income received by a development finance corporation is exempt from the taxes imposed on incomes by this state; but this exemption does not apply to income received by stockholders of the development finance corporation in the form of dividends or otherwise.
(L. 1961 p. 157 § 20)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=371.220Fetched: 10/17/2026