Corporate Income Tax Year Changes

Filing Deadline for 2019

The tax filing deadline for 2019 calendar year filers will be April 15, 2020.  This deadline is consistent with the deadline change for filing federal tax returns.

MO-1120 Form

Beginning with the 2019 tax year, we have added a Public Law 86-272 (15 U.S.C. 381 384) check box to our MO-1120 form.

New Trust Funds

Beginning with the 2019 tax year, taxpayers will have the option of contributing a minimum of $1 to these trust funds:

  • Kansas City Regional Law Enforcement Memorial Foundation Fund
  • Soldiers Memorial Military Museum in St. Louis Fund

New Tax Credits

  • Diaper Bank Credit – Taxpayers are allowed an income tax credit for 50 percent of contributions to an entity established for collecting or purchasing disposable diapers or other hygiene products. Certification of this credit is performed by the Department of Social Services.
  • Unmet Health, Hunger, and Hygiene Needs of Children in School Tax Credit – Taxpayers are allowed an income tax credit for 50 percent of contributions to an organization providing funding for unmet health and hygiene needs of children in school. Certification of this credit is performed by the Department of Social Services.

Corporate Income Tax Rate Change (Section 143.071)

The corporate income tax rate will be reduced from 6.25% to 4.0% for income tax years beginning on or after January 1, 2020.