Mo. Rev. Stat. § 94.575

Current with changes from the 2024 Legislative Session

Section 94.575 - Definitions

The following words, as used in sections 94.575 to 94.577, shall mean:

(1)"Capital asset" or "fixed asset", assets of a long-term character that are intended to continue to be held or used, including but not limited to land, buildings, machinery, furniture, and other equipment, including computer hardware and software;

(2)"Capital improvements", any capital or fixed asset having an estimated economic useful life of at least two years.

§ 94.575, RSMo

L. 2001 S.B. 352