reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.370 - Insurance companies, tax on premiums — rate — credit.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 2009
148.370. Insurance companies, tax on premiums — rate — credit. —
Every insurance company or association organized under the laws of the state of Missouri and doing business under the provisions of sections 376.010 to 376.670, 379.205 to 379.310
*
, 379.650 to 379.790 and chapter 381 and every mutual fire insurance company organized under the provisions of sections 379.010 to 379.190 shall, as hereinafter provided, quarterly pay, beginning with the year 1983, a tax upon the direct premiums received by it from policyholders in this state, whether in cash or in notes, or on account of business done in this state, in lieu of the taxes imposed under the provisions of chapters 143 and 147 for insurance of life, property or interest in this state, at the rate of two percent per annum, which amount of taxes shall be assessed and collected as hereinafter provided; provided, that fire and casualty insurance companies or associations shall be credited with cancelled or returned premiums actually paid during the year in this state, and that life insurance companies shall be credited with dividends actually declared to policyholders in this state but held by the company and applied to the reduction of premiums payable by the policyholder.
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(L. 1945 p. 993 § 6098a, A.L. 1969 3d Ex. Sess. H.B. 21, A.L. 1982 S.B. 470, A.L. 2009 H.B. 577)
*Section 379.310 was repealed by S.B. 262, 1967.
CROSS REFERENCE:
Portion of tax collected transferred to senior services growth and development program fund, 192.385
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.375 - Delinquent taxes, interest, rate.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1983
148.375. Delinquent taxes, interest, rate. —
If any tax due pursuant to the provisions of sections 148.310 to 148.461 is not paid when due, the insurance company shall be required to pay as part of such tax interest thereon at the rate determined by section 32.065 from such time.
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(L. 1982 H.B. 1351, et al., A.L. 1983 H.B. 713 Revision)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.376 - Extended Missouri mutual insurance companies, premiums — tax — rate — payable when — delinquencies, distribution.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 01 Jan 1985, see footnote
148.376. Extended Missouri mutual insurance companies, premiums — tax — rate — payable when — delinquencies, distribution. —
1. Every company operating under the provisions of sections 380.201 to 380.591 shall quarterly pay a tax upon the direct premiums or assessments received during the calendar year, whether in cash or notes, on account of insurance business done in this state at a rate of one percent per annum for the amount of direct premiums or assessments received in excess of one million dollars. Direct premiums or assessments received by such companies in excess of five million dollars shall be taxed at the rate of two percent per annum. This taxation plan shall be in lieu of all other taxes except taxes on real and tangible personal property, taxes on franchises and license taxes, and those insurance companies shall be credited with cancelled or returned premiums, actually paid during the year in this state.
2. The taxes imposed by the provisions of this section shall be payable on an estimated quarterly basis in the same manner that domestic insurance companies pay tax under the provisions of this chapter, and shall be subject to the same provisions concerning delinquency. Calendar year 1985 will be the first year that companies operating under sections 380.201 to 380.591 are required to pay tax under this section and sections 380.011 to 380.611. The estimated quarterly tax payments for 1985 will be based on the amount of tax that the company would have paid based on their 1984 premiums or assessments. The tax collected under the provisions of this section shall be distributed and apportioned in the same manner as provided in section 148.380.
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(L. 1984 H.B. 1498 § 148.375)
Effective 1-1-85
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.390 - Deductions allowed on premium receipts.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 01 Jan 1987, see footnote
148.390. Deductions allowed on premium receipts. —
1. Every insurer, in computing the premium tax, shall exclude from the gross amount of premiums all premiums received from policies or contracts, issued in connection with the funding of a pension, profit-sharing plan or individual retirement annuity, qualified or exempt under sections 401, 403, 404, 408 or 501 of the United States Internal Revenue Code as now or hereafter amended, as well as all premiums paid on other annuity contracts, and may deduct from the gross amount of taxable income in addition to other authorized credits, cancelled and return premiums actually paid or credited, all life insurance dividends paid or credited and all fire, casualty and other insurance dividends including unused portion of premium deposits paid or credited; provided, title insurance companies may receive credit for the percentage of deductions designated in section 148.400 that title insurance premium bears to the total operations income.
2. In addition to the foregoing deductions, every insurer may take the following deductions from the gross amount of premiums received on policies or contracts providing health insurance benefits for the benefit of some or all of the employees of one or more employers or for the benefit of the members of a union or unions, whether or not such benefits are payable through a trustee:
(1) One-fourth of the amount of benefit payments actually made during the year beginning January 1, 1972;
(2) One-half of the amount of benefit payments actually made during the year beginning January 1, 1973;
(3) Three-fourths of the amount of benefit payments actually made during the year beginning January 1, 1974;
(4) The entire amount of benefit payments actually made during the year beginning January 1, 1975, and during each subsequent year.
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(L. 1945 p. 999 § 1, A.L. 1951 p. 840, A.L. 1963 p. 200, A.L. 1969 3d Ex. Sess. p. 90, A.L. 1971 H.B. 158, A.L. 1976 S.B. 684, A.L. 1986 S.B. 425)
Effective 1-1-87
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.400 - Deductions allowed insurance companies.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 2001
148.400. Deductions allowed insurance companies. —
All insurance companies or associations organized in or admitted to this state may deduct from premium taxes payable to this state, in addition to all other credits allowed by law, income taxes, franchise taxes, personal property taxes, valuation fees, registration fees and examination fees paid, including taxes and fees paid by the attorney-in-fact of a reciprocal or interinsurance exchange to the extent attributable to the principal business as such attorney-in-fact, under any law of this state. Unless rejected by the general assembly by April 1, 2003, for all tax years beginning on or after January 1, 2003, a deduction for examination fees which exceeds an insurance company's or association's premium tax liability for the same tax year shall not be refundable, but may be carried forward to any subsequent tax year, not to exceed five years, until the full deduction is claimed; except that, notwithstanding the provisions of section 148.380, if any deduction is claimed through the carryforward provisions of this section, it shall be credited wholly against the general revenue fund and shall not cause a reduction in revenue to the county foreign insurance fund.
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(L. 1945 p. 993 § 6098c, A.L. 1969 3d Ex. Sess. H.B. 21, A.L. 2001 H.B. 738 merged with S.B. 193)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.410 - Director to assess tax where no return made.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1982
148.410. Director to assess tax where no return made. —
If any company or association shall fail or refuse to make the return required by sections 148.330, 148.350, and 148.380, the director of the department of commerce and insurance shall certify the amount of tax to the director of revenue and the director of revenue shall notify and shall assess the tax against such company at the rate provided for in sections 148.320, 148.340, and 148.380 on such amount of premiums as he shall deem just, and the proceedings thereon shall be the same as if the return had been made.
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(RSMo 1939 § 6096, A.L. 1982 S.B. 470)
Prior revisions: 1929 § 5981; 1919 § 6389; 1909 § 7101
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.420 - Director of revenue to collect annual tax when company withdraws from Missouri or fails to pay tax.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1983
148.420. Director of revenue to collect annual tax when company withdraws from Missouri or fails to pay tax. —
If any insurance company, organized under the laws of any other state or government, doing business in this state, shall withdraw from business in this state before the annual tax shall fall due according to the provisions of sections 148.310 to 148.461, or shall fail or neglect to pay the tax imposed under sections 148.310 to 148.461, the director of revenue shall at once proceed to collect the same.
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(RSMo 1939 § 6100, A.L. 1945 p. 1024, A.L. 1983 H.B. 713 Revision)
Prior revisions: 1929 § 5985; 1919 § 6393; 1909 § 7105
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.430 - Director of revenue may sue for taxes when company withdraws or is suspended.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1945
148.430. Director of revenue may sue for taxes when company withdraws or is suspended. —
In any case where the authority of any insurance company to do business in this state has been or shall be suspended, revoked or withheld for nonpayment of taxes, or for any other cause, or when any company shall voluntarily withdraw from this state, the director of revenue may sue and recover, in his own name, in any court in this state having jurisdiction, from any such company, the amount of taxes and license properly chargeable against such company by law, together with costs and reasonable attorney's fees, to be taxed as costs; and in such proceeding, process may issue to any county in the state, and may be served on the agent or attorney appointed under the law to receive or acknowledge service of process, and such service shall be as valid as if served on the company according to the laws of this state in other cases.
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(RSMo 1939 § 6102, A.L. 1945 p. 1024)
Prior revisions: 1929 § 5987; 1919 § 6395; 1909 § 7107
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.440 - Occupation tax in certain cities.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1939
148.440. Occupation tax in certain cities. —
1. The agent or agents of any such insurance company doing insurance business in any city in this state, having a population of more than five hundred thousand inhabitants, in addition to the tax on premiums as above provided for against such companies, shall also pay to the collector of said city, if said city shall so declare by ordinance, on or before the first day of February of each and every year, not more than the sum of two hundred dollars for each such fire insurance company, and for each such other insurance company not more than the sum of one hundred dollars, for the use of said city, which sum shall be considered in full for and in lieu of all taxes and licenses which said city may possess the power to impose on such agencies; and such collector shall, upon such payment being made, issue to such agent or agents a license, in the name of such city, to do the business of such agency for one year, which license shall be renewed from year to year, if demanded.
2. This section shall be construed as authorizing but one such tax for each such insurance company in each such city regardless of the number of agents which such company may have in such city.
3. Any such insurance company and any insurance agent doing insurance business in any city in this state having a population of more than one hundred thousand inhabitants and less than five hundred thousand inhabitants, in addition to the tax on premiums as above provided for against such companies, shall also pay to the collector of said city, if said city shall so declare by ordinance, on or before the fourth day of January of each and every year, not more than the sum of two hundred dollars for each such fire insurance company, and for each such other insurance company not more than the sum of one hundred dollars, for the use of said city for each agent, agency or office doing an insurance business for such company in said city; which sum shall be considered in full for and in lieu of all taxes and licenses which said city may possess the power to impose on such agencies; and such collector shall, upon such payment being made, issue to such agent or agents a license, in the name of such city, to do the business of such company at such agency or office for one year, which license shall be renewed from year to year, if demanded.
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(RSMo 1939 § 6099)
Prior revisions: 1929 § 5984; 1919 § 6392; 1909 § 7104
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.450 - Notices, how given.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1939
148.450. Notices, how given. —
Whenever by this law an officer is required to give any notice to a company, the same may be given by mailing the same, postage prepaid, addressed to the company at its home office, or to the secretary, general agent or chief officer thereof in the United States.
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(RSMo 1939 § 6103)
Prior revisions: 1929 § 5988; 1919 § 6396; 1909 § 7108
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.460 - Penalties for violations by agents.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1983
148.460. Penalties for violations by agents. —
Any person or persons who shall in this state act or assume to act as agent for any company whose authority to do business in this state has been suspended or revoked under sections 148.310 to 148.461, while such suspension or revocation remains in force, or shall neglect or refuse to comply with any of the foregoing provisions obligatory upon such person or party, or who shall willfully make a false or fraudulent statement of the business or condition of his or their company, shall forfeit and pay the sum of five hundred dollars for each offense; and any and all fines and forfeitures thus incurred may be recovered in the name of the state, to the use of the county, city or town, by indictment, complaint, bill or information, in any court of competent jurisdiction.
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(RSMo 1939 § 6101, A.L. 1983 H.B. 713 Revision)
Prior revisions: 1929 § 5986; 1919 § 6394; 1909 § 7106
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.461 - Quarterly installments to be paid as assessed by director, when — overpayment of taxes, credit.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1986
148.461. Quarterly installments to be paid as assessed by director, when — overpayment of taxes, credit. —
In any legal contest concerning the amount of tax under sections 148.320, 148.340, and 148.370 for a calendar year, the quarterly installments for the following year shall continue to be made based upon the amount assessed by the director of revenue for the year in question. If after the end of any taxable year, the amount of the actual tax due is less than the total amount of the installments actually paid, the amount by which the amount paid exceeds the amount due shall be credited against the tax for the following year and deducted from the quarterly installment otherwise due on June first.
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(L. 1982 S.B. 470, A.L. 1986 S.B. 669, et al.)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.540 - Association and members, levy and collection — exclusiveness of tax.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 22 Jun 1970, see footnote
148.540. Association and members, levy and collection — exclusiveness of tax. —
Farmers' cooperative credit associations, organized under an Act of Congress known as the Farm Credit Act of 1933 (12 U.S.C.A. § 1131 et seq.), for the extension of agricultural credit to their members only, and operating without profit except to the extent that they pay dividends to members on stock purchased by the members in these associations, are classified for the purposes of the intangible personal property tax law as savings and loan associations; and the accounts of these farmers' cooperative credit associations with their members are classified as intangible property. There is imposed upon each member of any such association an annual tax equal to two percent of the taxable portion of the dividends declared and paid by the association, in the preceding year, on the stock of the association held by any member, which shall be the annual yield from the account. The taxable portion of these dividends shall be that proportion thereof equal to the proportion of the gross income of the association, for the dividend year, derived from notes and mortgages to which the association holds legal title, to its entire gross income. The association shall compute, withhold, and pay to the director of revenue, on or before the fifteenth day of April of each year, the amounts of all taxes imposed hereby upon the members of the association, this payment to be made in one remittance; and the association at its option may absorb these taxes without charging the same to the accounts of the individual members. This tax shall be exclusive, and in lieu of all other taxes upon these associations, their property, capital, or income, except ad valorem taxes upon real and tangible personal property, income, Social Security, and unemployment compensation taxes, and upon the accounts of these associations, except estate taxes.
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(L. 1961 p. 636 § 148.521, A.L. 1969 3d Ex. Sess. H.B. 25)
Effective 6-22-70
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.541 - Delinquent taxes, interest.

Title X TAXATION AND REVENUE
Chapter 148
Effective - 01 Jan 1987, see footnote
148.541. Delinquent taxes, interest. —
If any tax due pursuant to section 148.540 is not paid when due, the association shall be required to pay as part of such tax interest thereon at the rate determined by section 32.065 from and after such date until paid.
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(L. 1986 S.B. 669, et al. § 6)
Effective 1-1-87
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.610 - Definitions.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 2002
148.610. Definitions. —
For the purposes of sections 148.610 to 148.700, providing for the taxation of credit unions and savings and loan associations, the following terms mean:
(1)
"Association"
, a savings and loan association or building and loan association organized under the laws of this state, any other state, or under the laws of the United States and having an office in this state;
(2)
"Credit union"
, a credit union organized under section 370.010 of the laws of this state or the United States and located within this state, the principal business of which, during the taxable year, consisted of receiving the savings of members and making loans to members;
(3)
"Director"
, the director of revenue;
(4)
"Income period"
, the calendar year or relevant portion thereof next preceding the taxable year;
(5) The term
"lease or rental of tangible personal property"
means the lease or rental of tangible personal property under the exclusive control of the lessee and neither attached to nor functionally a part of a taxpayer's building or buildings or any part thereof;
(6)
"Taxable in another state"
, a taxpayer is taxable in another state if, by reason of business activity in another state, it is subject to and did pay one of the types of taxes specified: a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax. The taxpayer must carry on business activities in another state. If the taxpayer voluntarily files and pays one or more of such taxes when not required to do so by the laws of that state or pays a minimal fee for qualification, organization or for the privilege of doing business in that state, but does not actually engage in business activities in that state, and does not have business facilities in that state or does actually engage in some activity, not sufficient for nexus, and the minimum tax bears no relation to the taxpayer's activities with such state, the taxpayer is not taxable in another state;
(7)
"Taxable year"
, the calendar year in which the tax is payable;
(8)
"Taxpayer"
, any credit union or savings and loan association subject to any tax imposed by sections 148.600 to 148.710.
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(L. 1982 H.B. 949 & 1350, A.L. 1993 H.B. 105 & 480, A.L. 2002 S.B. 895)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.620 - Annual tax on net income, rate — credits allowed, exceptions.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1993
148.620. Annual tax on net income, rate — credits allowed, exceptions. —
1. Every taxpayer shall be subject to an annual tax for the privilege of exercising its corporate franchises within the state according to and measured by its net income for the preceding year.
2. The rate of tax for each taxable year shall be seven percent of such net income.
3. The tax imposed on the net income by this law shall be exclusive and in lieu of all other state and local taxes against and upon credit unions and associations, their capital, or income, except taxes on all property, contributions paid pursuant to the unemployment compensation law of Missouri, Social Security taxes, sales and use taxes.
4. Each taxpayer shall be entitled to credits against the tax imposed by this law for all taxes paid to the state of Missouri or any political subdivision thereof during the relevant income period, except taxes on real estate and tangible personal property owned by the taxpayer and held for lease or rental to others, contributions paid pursuant to the unemployment compensation law of Missouri, Social Security taxes, sales and use taxes, and taxes imposed by this law.
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(L. 1982 H.B. 949 & 1350, A.L. 1993 H.B. 105 & 480)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.640 - Return filed when — extension of time granted when — interest due on late filing, rate.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 01 Jan 1987, see footnote
148.640. Return filed when — extension of time granted when — interest due on late filing, rate. —
Every taxpayer shall file a return with the director on or before the fifteenth day of April in each year. The director may grant a reasonable extension of time for filing returns under such rules and regulations as he shall prescribe. Whenever such an extension of time is granted, a taxpayer shall be required to pay as part of any tax due interest thereon at the rate determined by section 32.065 from and after such date until paid.
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(L. 1982 H.B. 949 & 1350, A.L. 1986 S.B. 669, et al.)
Effective 1-1-87
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.650 - Payment of tax due when — excess payment, credit allowed — delinquent, interest charged.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 01 Jan 1987, see footnote
148.650. Payment of tax due when — excess payment, credit allowed — delinquent, interest charged. —
1. The tax imposed by this chapter shall be due and payable upon the last day upon which a return must be filed under section 148.640.
2. Upon the filing of such return the full amount of any tax as computed by the taxpayer shall be paid to the director, who as soon as is practicable thereafter shall examine it and determine the correct amount of tax. If the director determines that the taxpayer has paid a tax in excess of the amount lawfully due, the director shall permit a credit.
3. If any tax due hereunder is not paid when due, the taxpayer shall be required to pay as part of such tax interest thereon at the rate determined by section 32.065 from and after such date until paid.
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(L. 1982 H.B. 949 & 1350, A.L. 1986 S.B. 669, et al.)
Effective 1-1-87
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.655 - Tax credit allowed for S corporation shareholders of associations, amount.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 2006
148.655. Tax credit allowed for S corporation shareholders of associations, amount. —
Subchapter S corporation shareholders of an association required to pay franchise taxes under section 148.620 may take a tax credit against such shareholder's state income tax return, as provided in section 143.471. Such tax credit shall be the taxpayer's pro rata share of the franchise tax paid by the association as provided in this chapter.
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(L. 2006 S.B. 892)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.657 - Tax credit allowed for S corporation shareholders of credit institutions, amount.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 2006
148.657. Tax credit allowed for S corporation shareholders of credit institutions, amount. —
Subchapter S corporation shareholders of a credit institution required to pay franchise taxes under section 148.140 may take a tax credit against such shareholder's state income tax return, as provided in section 143.471. Such tax credit shall be the taxpayer's pro rata share of the franchise tax paid by the credit institution as provided in this chapter.
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(L. 2006 S.B. 892)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.660 - Deposit of taxes, director of revenue's duties — funds established — investment of funds — distribution of interest to counties, computation.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 25 May 1982, see footnote
148.660. Deposit of taxes, director of revenue's duties — funds established — investment of funds — distribution of interest to counties, computation. —
The director of revenue shall deposit promptly all funds received by him in payment of the tax imposed by sections 148.610 to 148.710 to the credit of the "Savings Association Tax Fund" or "Credit Union Tax Fund" which funds are hereby created. He shall maintain such funds in institutions, savings associations and credit unions selected by him and approved by the governor, state treasurer and state auditor. Thereafter he shall, until the time set for the distribution of the net proceeds of the tax, invest all moneys within the fund in the same manner as state funds not needed for the immediate expenses of the state are invested; provided, that in all instances in which the state treasurer may use or invest in banking institutions, the director of revenue may use or invest in credit unions or in associations. All interest earned upon the moneys so invested shall be deposited in the respective credit union or savings associations tax fund and all such interest shall be returned to the various county treasurers within thirty days of tax distribution. Each county shall receive that percentage of the total interest earned as its share of the tax paid bears to the total amount of the tax received by the director of revenue. A statement of the exact amount of interest due each political subdivision in such county determined by the pro rata share of the proceeds of the tax received by such political subdivision bears to the proceeds of the tax received by the county shall accompany each payment.
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(L. 1982 H.B. 949 & 1350)
Effective 5-25-82
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.670 - Taxes returned to county where taxpayer has office — state collection fee — branch offices, distribution — offices outside state, exclusion.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 25 May 1982, see footnote
148.670. Taxes returned to county where taxpayer has office — state collection fee — branch offices, distribution — offices outside state, exclusion. —
The director of revenue shall annually, on or before the fifteenth day of December, return all savings association and credit union taxes collected, less two percent thereof which shall be retained by the state for collection, to the county treasury of the county in which the particular taxpayer has its office. If any association operates more than one office or branch in the state of Missouri, the association shall file the return giving the address of each such office or branch and setting forth the total dollar amounts of savings accounts, deposits, or repurchase agreements of each such office. The political subdivisions within which the said office or offices are situated shall share the tax hereby imposed upon the same basis that the dollar amounts of the deposits or accounts bear to the total dollar amount of the deposits or accounts of the association, and the director of revenue shall allocate the tax collected accordingly; provided, that if a taxpayer has an office or offices outside the state of Missouri, the total of the dollar amount of deposits and accounts at an office or offices outside the state of Missouri shall be excluded in determining the total deposits and accounts of the taxpayer. A statement of the exact amount due each political subdivision as determined by applying the local rates of levy to the proceeds of the tax shall accompany each payment. The several county treasurers and the treasurer of St. Louis City are hereby directed to distribute all amounts so received from the director of revenue according to the allocations contained in the statements made by the director of revenue.
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(L. 1982 H.B. 949 & 1350)
Effective 5-25-82
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.680 - Hearing procedure on disputed amount — appeal.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 25 May 1982, see footnote
148.680. Hearing procedure on disputed amount — appeal. —
In the event the tax due by the taxpayer shall not fairly represent the extent of the taxpayer's business in this state, the taxpayer may petition for or the director of revenue may require, in respect to any part of the taxpayer's business activity, if reasonable, an equitable allocation or apportionment of the taxpayer's income. In the event the director shall determine that the correct amount of the tax is greater than that computed by the taxpayer, he shall, upon such determination, notify the taxpayer thereof by mail and shall fix a time and a place for a hearing relative thereto not earlier than thirty days after the date of such determination. Upon such hearing the director shall make such order as may be lawful, but such taxpayer shall have the right of appeal from such order as provided by law.
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(L. 1982 H.B. 949 & 1350)
Effective 5-25-82
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.690 - First taxable year, when, how computed.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 25 May 1982, see footnote
148.690. First taxable year, when, how computed. —
Each association and credit union organized under the laws of this state and each association organized under the laws of the United States to be located in Missouri, with the date of its certificate of incorporation, or the date of the completion of the organization thereof, as the case may be, which are relevantly herein referred to as "its certificate", subsequent to May 25, 1982, shall be subject to the tax imposed by this law for the calendar year in which it receives its certificate and the first taxable year thereafter measured by its net income as defined in section 148.630, for the portion of the calendar year unelapsed on the date borne by its certificate with the rate of tax as provided in section 148.620, and with credit against said tax for all taxes and contributions for which credit is permitted by section 148.620, which taxes or contributions are paid during the portion of the calendar year unelapsed on the date of its certificate. For each other taxable year each taxpayer in this section referred to shall be subject to all the provisions of this law. Any tax imposed by this law due for the calendar year of its certificate shall be payable by each taxpayer to which this section applies to the director on or before June first of the year following the year of its certificate, and except as to this particular the provisions of sections 148.630 to 148.680 and section 148.700 shall be applicable.
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(L. 1982 H.B. 949 & 1350)
Effective 5-25-82
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.700 - Rules and regulations, authority to promulgate, procedure — taxpayer's reports subject to inspection, confidentiality requirement.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 1996
148.700. Rules and regulations, authority to promulgate, procedure — taxpayer's reports subject to inspection, confidentiality requirement. —
The director shall prescribe and publish all needed rules and regulations necessary for the enforcement of sections 148.610 to 148.700. Insofar as feasible, as may be determined by the director, such rules and regulations shall be consistent with the rules and regulations prescribed by the United States Commissioner of Internal Revenue for the enforcement of the income tax chapter of the Internal Revenue Code. The directors of division of finance and of credit union supervision shall make available to the director upon the director's request any report filed by any taxpayer subject to the tax imposed by sections 148.610 to 148.700, and such director shall be under the same obligation as to secrecy with respect thereto as is imposed upon the directors of division of finance and of credit union supervision, by law. No rule or portion of a rule promulgated under the authority of this chapter shall become effective unless it has been promulgated pursuant to the provisions of section 536.024.
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(L. 1982 H.B. 949 & 1350, A.L. 1994 H.B. 1165, A.L. 1995 S.B. 3)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.710 - Violations, penalties.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 25 May 1982, see footnote
148.710. Violations, penalties. —
The same penalties shall be assessed against delinquent taxpayers under the provisions of sections 148.610 to 148.700 as are provided by sections 143.911, 143.921, and 143.931 relating to income taxes.
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(L. 1982 H.B. 949 & 1350)
Effective 5-25-82
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 148 - Taxation of Financial Institutions › Section 148.720 - Corporate income tax reduction, when.

Title X TAXATION AND REVENUE
Chapter 148
• Effective - 28 Aug 2018
148.720. Corporate income tax reduction, when. —
1. For all tax years beginning in a calendar year in which there is a reduction in the rate of tax imposed under section 143.071, there shall be a corresponding and proportional reduction in the rate of tax imposed under sections 148.030, 148.140, and 148.620. The reduced rate shall be the applicable rate in each subsequent calendar year.
2. The reduction specified under subsection 1 of this section shall occur each year there is a reduction in the rate of tax imposed under section 143.071, including a reduction in the rate of tax by operation of another law or by the constitution.
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(L. 2018 S.B. 769)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 149 - Cigarette Tax › Section 149.021 - Compensation to wholesaler for affixing stamps — metering machines authorized.

Title X TAXATION AND REVENUE
Chapter 149
• Effective - 28 Aug 1982
149.021. Compensation to wholesaler for affixing stamps — metering machines authorized. —
1. For the purpose of allowing compensation for the costs necessarily incurred in affixing the proper tax stamps to each package of cigarettes before making a sale of the cigarettes, each wholesaler purchasing stamps from the director as required by law may purchase the stamps from the director at a reduction of three percent of the face value of each lot of stamps so purchased, provided that all required reports have been made. The discount provided in this section shall be the only discount allowed to purchasers from the director. If a purchaser refuses to comply with the laws of the state of Missouri, the director shall require the full face value for stamps purchased until such time as the person has complied with the provisions of the law.
2. The director may permit the use of meter machines in lieu of stamps, for the impress of the tax stamp, and where used a three percent reduction on the total tax due shall be allowed. The director shall prescribe all rules and regulations governing the use of meter machines and may require a bond in a suitable amount to guarantee payment of the tax.
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(L. 1974 H.B. 1612 § 3, A.L. 1982 H.B. 1548 & 1543)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 149 - Cigarette Tax › Section 149.025 - Bond required for deferred payment on stamps — release from requirement, when — cash bond, deposit and refund — license revoked for delinquencies.

Title X TAXATION AND REVENUE
Chapter 149
Effective - 28 Aug 1986
149.025. Bond required for deferred payment on stamps — release from requirement, when — cash bond, deposit and refund — license revoked for delinquencies. —
1. Any wholesaler desiring to purchase stamps or meter units on a deferred payment basis shall file with the director a bond in an amount equal to the estimated total monthly tax liability of the wholesaler. However, the director shall not require a bond in excess of the amount required by a tax of five mills per cigarette, and such bond shall not exceed five hundred thousand dollars. The director may also require any wholesaler purchasing stamps in this manner to file certain reports or keep certain records as the director may deem necessary. The director of the department of revenue shall, after a five-year period of satisfactory tax compliance, release such wholesaler from the bonding requirement.
2. In the event the bond filed with the director is cash, the director shall deposit such bond in the state general revenue fund and such bond shall be released to the wholesaler pursuant to subsection 1 of this section from funds appropriated by the general assembly for such purpose. If appropriated funds are available, the commissioner of administration and the state treasurer shall cause such refunds to be paid within thirty days of the receipt of a warrant request from the director of the department of revenue.
3. In the event that payment of the total deferment liability becomes delinquent after fifteen days from the last day of the month during which the purchase was made, the director shall revoke the license held by the wholesaler, subject to other provisions of this chapter, for a period of one year and shall cause any cash bond to be forfeited or shall notify the bonding company requesting that payment be made under the terms of the bond.
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(L. 1974 H.B. 1612 § 4, A.L. 1982 H.B. 1548 & 1543, A.L. 1983 1st Ex. Sess. H.B. 10, A.L. 1986 S.B. 484)
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 149 - Cigarette Tax › Section 149.031 - Refunds or exchange for stamps, when made.

Title X TAXATION AND REVENUE
Chapter 149
Effective - 28 Aug 1974
149.031. Refunds or exchange for stamps, when made. —
The director shall make a refund or exchange new stamps for any stamps which are damaged, or for stamps which have been affixed to packages of cigarettes returned to factories, sold or shipped into another state for sale or use there or have become unfit for use and consumption or unsalable. Application to the director for the exchange
*
or refund must be accompanied by affidavit, damaged stamps, bill of lading covering shipment to factories or other states, or any other proof as required by the director.
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(L. 1974 H.B. 1612 § 5)
*Word "exchanges" appears in original rolls.
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 149 - Cigarette Tax › Section 149.035 - Wholesaler's license required, fee — first sale of tobacco products, application required — revocation, suspension or refusal to issue, when — review.

Title X TAXATION AND REVENUE
Chapter 149
• Effective - 01 Oct 1993, see footnote
149.035. Wholesaler's license required, fee — first sale of tobacco products, application required — revocation, suspension or refusal to issue, when — review. —
1. Every wholesaler of cigarettes or tobacco products in this state, as a condition of carrying on such business, shall annually, on or before February fifteenth of each year, secure from the director a written license, and shall pay therefor an annual fee of one hundred dollars for the twelve-month period beginning February fifteenth of each year. The license, application for which may be made on forms prescribed and furnished by the director, shall be kept on public display in the wholesaler's place of business at all times. The license shall not be assignable or transferable. The director shall refuse a license to any wholesaler of cigarettes or tobacco products from another state if that wholesaler's state refuses to license wholesalers of cigarettes or tobacco products from Missouri.
2. Every person making a first sale of tobacco products in the state of Missouri who does not have a wholesaler license as required by this section shall make application for a tobacco products license on forms prescribed by the director of revenue. Such person shall, as a condition of acquiring such license, file an instrument which may be a cash or surety bond, letter of credit, or other instrument approved by the director which shall be in the amount of three times the average tax liability, estimated in the case of a new applicant. At such time as the director of revenue shall deem the amount of a bond insufficient to cover the liability, he may require the bond to be adjusted to the level satisfactory to the director which shall cover the amount of such liability. Minimum bond shall be five hundred dollars. A tobacco products license shall not be used as a substitute or in place of a cigarette wholesale license.
3. At such time as the director shall have reason to believe that any person has violated any provisions of this chapter or any rules and regulations issued pursuant to such provisions, the director shall refuse to issue or shall revoke or suspend any license issued hereunder for such a period of time not to exceed one year. The person involved may seek review of the decision of the director of revenue by the administrative hearing commission.
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(L. 1974 H.B. 1612 § 6, A.L. 1978 S.B. 661, A.L. 1993 H.B. 564)
Effective 10-1-93
2023 Missouri Revised Statutes › Title X - Taxation and Revenue › Chapter 149 - Cigarette Tax › Section 149.041 - Records to be kept — reports to be filed by wholesaler.

Title X TAXATION AND REVENUE
Chapter 149
• Effective - 28 Aug 1974
149.041. Records to be kept — reports to be filed by wholesaler. —
1. Every manufacturer, wholesaler and retailer subject to the provisions of the tax levied hereunder shall keep in Missouri accurate records covering the business carried on and shall for three years, and more if so required by the director, keep and preserve all invoices, showing all purchases and sales of cigarettes; and such invoices and stock of cigarettes shall at all times be subject to the examination and inspection of any legally authorized agent or representative of the director. Every wholesaler operating in the state of Missouri, whose main warehouse or headquarters is in another state shall keep all records of all cigarette transactions made by him at his place of business in Missouri, or at a designated place in the state of Missouri. Every manufacturer located or doing business in this state shall keep written records of all shipments of cigarettes, whether or not they are made from his plants in this state, to consignees
*
located or doing business in this state, regardless of the fact that the cigarettes may have been sold by the shipper to a person other than the consignee
**
or may have been shipped for the account of some other vendor.
2. Every wholesaler receiving unstamped cigarettes shall file a report with the director on or before the twentieth day of each month covering the previous calendar month, on forms prescribed and furnished by the director, disclosing the beginning and closing inventory of unstamped cigarettes, the beginning and closing inventory of stamped cigarettes, the beginning and closing inventory of cigarette stamps, the number and denomination of cigarette stamps affixed to packages of cigarettes, the beginning and closing inventory of meter machine units, the number of meter units purchased and affixed during the month, and all purchases of cigarettes by showing the invoice number, name and address of the consignee
**
or seller, the date, and the number of cigarettes purchased, and such other information as may be required by the director.
3. Any wholesaler who refuses any shipment or part of a shipment of unstamped cigarettes or has a shortage in the shipment of cigarettes consigned to him shall, in the monthly report next following the refusal or shortage, report to the director the number of packages or cartons of cigarettes refused or short and the name of the carrier from whom the cigarettes were refused or shortage occurred.
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(L. 1974 H.B. 1612 § 7)
*Word "cosignees" appears in original rolls.
**Word "cosignee" appears in original rolls.