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It instead reduces tax credits and carryforwards that would be used to offset future earned income. If a taxpayer's tax attributes were not reduced, taxpayers could intentionally create large tax attributes by creating debt, cancelling the debt, and unjustly reducing their future taxes without paying on the debt.
Until 2013, Missouri imposed a Highway Use Tax on all motor vehicles titled in Missouri but not bought in Missouri. As a result of litigation over the proper local tax to impose on such motor vehicles – sales tax or use tax – the General Assembly amended the sales tax statute so that sales tax is imposed on the privilege of titling new and ...
The state treasurer is responsible for managing more than $24 billion in annual revenues and more than $3.6 billion in state investments. [1] Additionally, the state treasurer works to return nearly $700 million in unclaimed property to more than 4.3 million account owners. [2]
The tax commission gave Jackson County 30 days to provide a list of all properties whose values during the 2023 reassessment process went up by more than 15%, exclusive of improvements, but were ...
B oth Missouri and Jackson County have adopted a plan to freeze tax bills for seniors who receive Social Security, leaving some wondering whether this year’s bills will be lowered before the Dec ...
The Missouri Court of Appeals is the intermediate appellate court for the state of Missouri. The court handles most of the appeals from the Missouri Circuit Courts . The court is divided into three geographic districts: Eastern (based in St. Louis ), Western (based in Kansas City ), and Southern (based in Springfield ). [ 1 ]
Federal courts located in Missouri United States Court of Appeals for the Eighth Circuit (headquartered in St. Louis , having jurisdiction over the United States District Courts of Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, South Dakota)
In 1966, Congress enacted the Bail Reform Act, which expanded the bail rights of federal criminal defendants by giving non-capital defendants a statutory right to be released pending trial, on their personal recognizance or on personal bond, unless a judicial officer determined that such incentives would not adequately assure the defendant's appearance at trial.
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