Mo. Rev. Stat. ch. 148 – Taxation of Financial Institutions | Midpage

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Revised Statutes of Missouri

Chapter 148

Mo. Rev. Stat. ch. 148

Taxation of Financial Institutions

148.010Title of law 148.020Definitions 148.030Banks subject to tax based on income — rate — credits 148.031Substitute bank franchise tax 148.040Definitions and computation of net and gross income 148.045Computation of deduction, taxpayer files consolidated return 148.050Returns, when filed 148.060Overpayment, underpayment of tax — failure to file, estimation of tax by director of revenue — notice of deficiency 148.062Franchise tax, administered how 148.064Ordering and limit reductions for certain credits — consolidated return — transfers of credits — effect of repeal of corporation franchise tax — pass through of tax credits by S corporation bank 148.065Intangible tax fund created — maintenance and investment of fund — distribution of interest income to counties 148.068Tax assessed, when, supplemental assessment 148.070Notice of deficiency, time limitations 148.072Interest, additions to tax, penalties, due when 148.074Overpayment of tax, director may credit against other tax liability, when 148.076Claims for refund, filed when, how — amount, limitations 148.080Taxes returned to counties — two percent to state — director to allocate 148.085Recording and depositing of tax receipts, how 148.090New banks, when taxed — tax, when due 148.095Banks operating more than one branch or office, returns, how filed — allocation of taxes, how — business outside state, effect of 148.097Taxpayer in other state taxable, when — apportionment of income, manner — property factor, defined — payroll factor, defined — deposits factor, defined 148.100Director to prescribe and publish rules and regulations — access to records 148.110Tax in lieu of other taxes 148.112Distribution of franchise tax credit for bank S corporation shareholders 148.120Title of law 148.130Definition of terms 148.140Credit institutions subject to annual tax — rate — credits 148.150Net income and gross income defined — how computed 148.160Returns, when filed — extension of time — interest 148.170Taxpayer with more than one office, returns of 148.180Tax due, when — credit for overpayment — penalty for nonpayment 148.190Notice to taxpayer of increase of tax — review of director's determination 148.200Director to prescribe necessary rules and regulations — access to records 148.210Credit institution subject to tax for year in which franchise is received 148.230Tax in lieu of certain other taxes 148.310Real and tangible personal property to be assessed and taxed under general laws 148.320Tax on premiums of domestic stock companies — rate — credits 148.330Returns, assessment of tax, procedure — notice to company — taxes, how paid — suspension of delinquents, apportionment of money — county, defined 148.340Tax on premiums of foreign companies 148.350Returns, assessment of tax, procedure — notice to company — taxes, how paid — suspension of delinquents — disposition of money 148.360County foreign insurance tax money distributed to school districts 148.370Insurance companies, tax on premiums — rate — credit 148.375Delinquent taxes, interest, rate 148.376Extended Missouri mutual insurance companies, premiums — tax — rate — payable when — delinquencies, distribution 148.380Returns, assessment of tax, procedure — notice to company — taxes, how paid — suspension of delinquents — disposition of money 148.390Deductions allowed on premium receipts 148.400Deductions allowed insurance companies 148.410Director to assess tax where no return made 148.420Director of revenue to collect annual tax when company withdraws from Missouri or fails to pay tax 148.430Director of revenue may sue for taxes when company withdraws or is suspended 148.440Occupation tax in certain cities 148.450Notices, how given 148.460Penalties for violations by agents 148.461Quarterly installments to be paid as assessed by director, when — overpayment of taxes, credit 148.540Association and members, levy and collection — exclusiveness of tax 148.541Delinquent taxes, interest 148.610Definitions 148.620Annual tax on net income, rate — credits allowed, exceptions 148.630Net income and gross income defined — deductions authorized — net income computation — business activity taxable in another state, apportionment, manner — property factor defined — payroll factor defined — receivables factor defined — deposits factor defined 148.640Return filed when — extension of time granted when — interest due on late filing, rate 148.650Payment of tax due when — excess payment, credit allowed — delinquent, interest charged 148.655Tax credit allowed for S corporation shareholders of associations, amount 148.657Tax credit allowed for S corporation shareholders of credit institutions, amount 148.660Deposit of taxes, director of revenue's duties — funds established — investment of funds — distribution of interest to counties, computation 148.670Taxes returned to county where taxpayer has office — state collection fee — branch offices, distribution — offices outside state, exclusion 148.680Hearing procedure on disputed amount — appeal 148.690First taxable year, when, how computed 148.700Rules and regulations, authority to promulgate, procedure — taxpayer's reports subject to inspection, confidentiality requirement 148.710Violations, penalties 148.720Corporate income tax reduction, when