2013 Tax Year Changes

Corporation Income and Franchise Tax

Important Notice

Small Business Deduction for New Jobs Under Section 143.173, RSMo. (HB45)

For all taxable years beginning on or after January 1, 2011, and ending on or before December 31, 2014, if a small business creates new jobs, it may qualify to claim a deduction in the taxable year each new employee completes at least 52 weeks of full-time employment.  The deduction can be claimed by the following types of small businesses:  sole proprietor, C-Corporation, or LLC treated as a corporation; and can be claimed on the Individual Income Tax Return or a Corporation Income Tax Return.  Below are revised or new tax forms:

Additional information can be obtained on the Frequently Asked Questions page

Individual Income Tax

Due Date

Military Service Member Exemption

Form Changes

The Pregnancy Resource Center Credit, Food Pantry Credit, and Champion for Children Credit apply to donations made on or after January 1, 2013.

Federal income tax changes affecting the Missouri income tax return consist of the following: