Missouri exhibits partial conformity with federal bonus depreciation rules. While the state generally conforms to the treatment under I.R.C. § 168(k), Missouri does not permit bonus depreciation for property purchased between July 1, 2002, and July 1, 2003. This exception aligns with state-specific statutes, including Mo. Rev. Stat. § 143.431(2) and Mo. Rev. Stat. § 143.121(2)(3), ensuring compliance with both federal and state tax provisions.
Single Family RentalIn Service 2024
A Single Family Rental purchased for $390,500 in Missouri
Purchase Price
$390,500
Land Value
$90,921
23.3% of total
Year In Service
2024
Tax Savings
$49,380
12.6% of purchase
Savings Impact12.6%
