12 CSR 10-10.125

Mo. Code Regs. Ann. tit. 12, § 10-10.125

Income Period

Effective Aug 13, 1987section 148.100, RSMo 1986.* Original rule filed March 2, 1987, effective Aug. 13, 1987. *Original authority: 148.100, RSMo 1945Director of Revenue

Viewing an earlier version · effective Aug 13, 1987View current

PURPOSE: This rule establishes the income period and taxable year upon which the bank franchise tax is based as set out in section 148.020, RSMo.

(1) The taxable year shall mean the calendar year in which the bank franchise tax is due.
(2) Income period shall mean the calendar year or portion of the year next preceding the taxable year.

AUTHORITY: section 148.100, RSMo 1986.* Original rule filed March 2, 1987, effective Aug. 13, 1987. *Original authority: 148.100, RSMo 1945.