Definitions.
Mo. Rev. Stat. § 94.575
in effect94.575. Definitions. — The following words, as used in sections 94.575 to 94.577 , shall mean:
(1) "Capital asset" or "fixed asset" , assets of a long-term character that are intended to continue to be held or used, including but not limited to land, buildings, machinery, furniture, and other equipment, including computer hardware and software;
(2) "Capital improvements" , any capital or fixed asset having an estimated economic useful life of at least two years.
(L. 2001 S.B. 352)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=94.575Fetched: 10/17/2026