Missouri Governor Expected to Sign
Bill Creating Cooperative Associations

A Missouri bill creating cooperative associations will become effective Aug. 28, 2011, after Gov. Jay Nixon signs the legislation into law. He is expected to do so shortly.

Rep. John Diehl, an Armstrong Teasdale LLP partner, was the House floor handler for Senate Bill 366, which was passed by the Missouri General Assembly on May 2, 2011.

Some of the significant provisions of the Senate Bill permit a cooperative to:

• Provide products, services, and marketing programs for its members
  
  
• Act as an agent in negotiating and procuring products, services, and marketing programs for its members
  
  
• Market and process products and services for its members
  

IRS Circular 230 Notice
Internal Revenue Service regulations state that only a formal opinion that meets specific requirements can be used to avoid tax penalties. Any tax advice in this communication is not intended or written to be used, and cannot be used by a taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer, because it does not meet the requirements of a formal opinion.

For more information, please contact an attorney in the Armstrong Teasdale Tax Department: