Section 206.685 – Annual or Final Return; Filing; Form and Content; Remittance of Final Liability; Calculation; Extension.
206.685 Annual or final return; filing; form and content; remittance of final liability; calculation; extension. Sec. 685. (1) An annual or final return shall be filed with the department in the form and content prescribed by the department by the last day of the fourth month after the end of the taxpayer’s tax year. Any […]
Section 206.655 – Financial Institution; Tax Base; Total Equity Capital.
206.655 Financial institution; tax base; total equity capital. Sec. 655. (1) For a financial institution, the tax base is the total equity capital of the financial institution or the top-tiered parent entity in the case of a unitary business group of financial institutions, subject to the following deductions before allocation or apportionment: (a) The average […]
Section 206.657 – Financial Institution; Business Activities Subject to Tax Within and Outside of State; Gross Business Factor.
206.657 Financial institution; business activities subject to tax within and outside of state; gross business factor. Sec. 657. (1) Except as otherwise provided under this chapter, the tax base of a financial institution whose business activities are confined solely to this state shall be allocated to this state. The tax base of a financial institution […]
Section 206.659 – Financial Institution; Gross Business in State; Determination.
206.659 Financial institution; gross business in state; determination. Sec. 659. Gross business in this state of the financial institution is determined as follows: (a) Receipts from credit card receivables including without limitation interest and fees or penalties in the nature of interest from credit card receivables and receipts from fees charged to credit card holders […]
Section 206.661 – Tax Base; Apportionment; Taxpayer Subject to Tax Within State, Within and Outside State, or in Another State.
206.661 Tax base; apportionment; taxpayer subject to tax within state, within and outside state, or in another state. Sec. 661. (1) Except as otherwise provided in this part, the tax base established under this part shall be apportioned in accordance with this chapter. (2) The tax base of a taxpayer whose business activities are confined […]
Section 206.663 – Sales Factor.
206.663 Sales factor. Sec. 663. (1) Except as otherwise provided in subsection (2) and section 669, the sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the tax year and the denominator of which is the total sales of the taxpayer everywhere during the […]
Section 206.665 – Sales; Determination; Receipts; Definitions; Borrower Located in This State.
206.665 Sales; determination; receipts; definitions; borrower located in this state. Sec. 665. (1) Sales of the taxpayer in this state are determined as follows: (a) Sales of tangible personal property are in this state if the property is shipped or delivered, or, in the case of electricity and gas, the contract requires the property to […]
Section 206.667 – Alternative to Apportionment Provisions of Part; Rebuttable Presumption; Filing of Return.
206.667 Alternative to apportionment provisions of part; rebuttable presumption; filing of return. Sec. 667. (1) If the apportionment provisions of this part do not fairly represent the extent of the taxpayer’s business activity in this state, the taxpayer may petition for or the state treasurer may require the following, with respect to all or a […]
Section 206.669 – Receipts; Sourcing.
206.669 Receipts; sourcing. Sec. 669. All other receipts not otherwise sourced under this part shall be sourced based on where the benefit to the customer is received or, if where the benefit to the customer is received cannot be determined, to the customer’s billing address. History: Add. 2011, Act 38, Eff. Jan. 1, 2012
Section 206.625 – Exemptions; Corporate Income Tax Base of Foreign Person; Sales Factor; “Business Income,” “Domiciled,” and “Foreign Person” Defined.
206.625 Exemptions; corporate income tax base of foreign person; sales factor; “business income,” “domiciled,” and “foreign person” defined. Sec. 625. (1) Except as otherwise provided in this section, the following are exempt from the tax imposed by this part: (a) The United States, this state, other states, and the agencies, political subdivisions, and enterprises of […]