Missouri SB950 modifies tax provisions, including rate reductions and inflation adjustments.
Missouri SB950 modifies tax provisions by reducing rates and adjusting brackets based on inflation. It imposes a tax on the endowments of qualifying institutions of higher education, defined as those affiliated with or providing medical faculty to abortion facilities, offering specific medical residencies or fellowships in performing or inducing abortions, or supporting abortion facilities. The tax rate is set at 1.9% of the aggregate fair market value of the assets of such endowments.
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