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Terms Used In Missouri Laws 316.045

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Month: means a calendar month, and "year" means a calendar year unless otherwise expressed, and is equivalent to the words year of our Lord. See Missouri Laws 1.020
  • person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020

The county commissions of all counties of class one, in addition to other penalties imposed, are empowered in addition to the license tax imposed by section 316.040, to levy a penalty of one percent per month upon any person, firm or corporation who fails to pay the license tax imposed by section 316.040 by the first day of February of each year.