July 15, 2008 - As expected, the Missouri Department of Revenue today published a rule requiring taxpayers to add back state taxes.Associated Industries of Missouri (AIM) and the Taxpayers Research Institute of Missouri (TRIM) are opposed to this regulation because it requires taxpayers to add back into income several state taxes that are NOT state income taxes. AIM and TRIM and several of our members have already met with the Department of Revenue to voice our concerns and will be filing an appeal with the Joint Committee on Administrative Rules. We were successful in defeating previous attempts to file this rule and will make every effort to protect taxpayers from this unreasonable and strained interpretation of Missouri statutes.
For the text of the rule, please click here. We will publish our appeal letter to the Joint Committee in the near future. Taxpayers wishing to have their comments included may send them to Ray McCarty, Executive Director of AIM's Taxpayers Research Institute of Missouri at ray@raymccarty.com.
