Mo. Rev. Stat. § 92.150

Current with changes from the 2023 Legislative Session

Section 92.150 - Net profits, how ascertained

The net profits or earnings of associations, businesses or other activities, and corporations shall be ascertained and determined by deducting the necessary expenses of operation from the gross profits or earnings.

§ 92.150, RSMo

Reenacted L. 1953 2d Ex. Sess. p. 14 § 3