Section 148.010 – Title of law.
Effective – 28 Aug 1945 148.010. Title of law. — Sections 148.010 to 148.110 may be designated as the “Bank Tax Law of 1946”. ——– (L. 1945 p. 1921 § 1)
Section 148.020 – Definitions.
Effective – 28 Aug 2002 148.020. Definitions. — For the purposes of this law the following terms shall have the following meanings: (1) The term “banking institution” means every bank and every trust company organized under any general or special law of this state and every national banking association located in this state and any […]
Section 148.030 – Banks subject to tax based on income — rate — credits.
Effective – 01 Jan 1988 148.030. Banks subject to tax based on income — rate — credits. — 1. Every banking institution shall be subject to an annual tax for the privilege of exercising its corporate franchises within the state determined in accordance with subsection 2 of this section. 2. The annual franchise tax imposed […]
Section 148.031 – Substitute bank franchise tax.
Effective – 28 Aug 1998 148.031. Substitute bank franchise tax. — A corporation that makes an election under 26 U.S.C. Section 1362, that is also a banking institution as defined in section 148.020, shall pay the annual franchise tax as set forth in section 148.030, as modified by this section, and which is substantially equal […]
Section 148.040 – Definitions and computation of net and gross income.
Effective – 28 Aug 1993 148.040. Definitions and computation of net and gross income. — 1. “Gross income” includes all gains, profits, earnings and other income of the taxpayer from whatever sources derived during the income period, including but not limited to interest from obligations issued by the United States government or any political subdivision […]
Section 148.045 – Computation of deduction, taxpayer files consolidated return.
Effective – 15 May 1986 148.045. Computation of deduction, taxpayer files consolidated return. — A taxpayer that is a member of an affiliated group of corporations which files a consolidated federal income tax return shall determine its deduction for or its gross income in respect of federal income taxes paid or accrued during the income […]
Section 148.050 – Returns, when filed.
Effective – 15 May 1986 148.050. Returns, when filed. — Every taxpayer shall file a return with the director on or before the fifteenth day of April in each taxable year. ——– (L. 1945 p. 1921 § 4, A. 1949 S.B. 1031, A.L. 1969 3d Ex. Sess. H.B. 25, A.L. 1982 H.B. 1351, et al., […]
Section 148.060 – Overpayment, underpayment of tax — failure to file, estimation of tax by director of revenue — notice of deficiency.
Effective – 15 May 1986 148.060. Overpayment, underpayment of tax — failure to file, estimation of tax by director of revenue — notice of deficiency. — 1. As soon as is practicable after the return is filed, the director shall examine it to determine the correct amount of tax. If the director finds that the […]
Section 148.062 – Franchise tax, administered how.
Effective – 15 May 1986 148.062. Franchise tax, administered how. — Except as otherwise specifically provided in sections 148.010 to 148.060 and sections 148.068 to 148.110, the franchise tax imposed under sections 148.010 to 148.110 shall be administered as prescribed in the following provisions of chapter 143: subsection 1 of section 143.551, subsection 4 of […]
Section 148.064 – Ordering 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.
Effective – 28 Aug 2019, 2 histories 148.064. Ordering 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. — 1. Notwithstanding any law to the contrary, this section shall determine the ordering and […]
Section 148.065 – Intangible tax fund created — maintenance and investment of fund — distribution of interest income to counties.
Effective – 28 Aug 1986 148.065. Intangible tax fund created — maintenance and investment of fund — distribution of interest income to counties. — 1. The director shall deposit all funds received by him in payment of any tax imposed by sections 148.010 to 148.230 and 148.540 to the credit of the intangible tax fund […]
Section 148.068 – Tax assessed, when, supplemental assessment.
Effective – 15 May 1986 148.068. Tax assessed, when, supplemental assessment. — 1. The amount of tax which is shown to be due on the return, including revisions for mathematical errors, shall be deemed to be assessed on the date of filing of the return including any amended returns showing an increase of tax. In […]
Section 148.070 – Notice of deficiency, time limitations.
Effective – 15 May 1986 148.070. Notice of deficiency, time limitations. — 1. Except in the case of any erroneous refund and except as otherwise provided in this section, a notice of deficiency shall be mailed to the taxpayer within three years after the return was filed. No deficiency shall be assessed or collected with […]
Section 148.072 – Interest, additions to tax, penalties, due when.
Effective – 15 May 1986 148.072. Interest, additions to tax, penalties, due when. — The interest, additions to tax, and penalties provided by sections 148.010 to 148.110 shall be paid upon notice and demand and shall be assessed, collected, paid, and distributed pursuant to sections 148.080, 148.085, and 148.095 in the same manner as taxes. […]
Section 148.074 – Overpayment of tax, director may credit against other tax liability, when.
Effective – 15 May 1986 148.074. Overpayment of tax, director may credit against other tax liability, when. — 1. The director within the applicable period of limitations may credit an overpayment of the tax imposed by sections 148.010 to 148.110, and interest on such overpayment, against any liability in respect of any tax imposed by […]
Section 148.076 – Claims for refund, filed when, how — amount, limitations.
Effective – 15 May 1986 148.076. Claims for refund, filed when, how — amount, limitations. — 1. A claim for credit or refund of an overpayment of any tax imposed by sections 148.010 to 148.110 shall be filed by the taxpayer within three years from the time the return was filed or two years from […]
Section 148.080 – Taxes returned to counties — two percent to state — director to allocate.
Effective – 15 May 1986 148.080. Taxes returned to counties — two percent to state — director to allocate. — The portion of the tax determined under subdivision (2) of subsection 2 of section 148.030 which is collected by the director under the provisions of sections 148.010 to 148.110, and all taxes collected by the […]
Section 148.085 – Recording and depositing of tax receipts, how.
Effective – 15 May 1986 148.085. Recording and depositing of tax receipts, how. — The portion of the tax determined under subdivision (1) of subsection 2 of section 148.030 which is collected by the director under sections 148.010 to 148.110 shall be recorded and deposited in accordance with section 136.110. ——– (L. 1986 H.B. 1195) […]
Section 148.090 – New banks, when taxed — tax, when due.
Effective – 28 Aug 1949 148.090. New banks, when taxed — tax, when due. — Each bank and each trust company organized under the laws of this state and each national banking association organized under the laws of the United States to be located in Missouri, with the date of its certificate of due organization, […]
Section 148.095 – Banks operating more than one branch or office, returns, how filed — allocation of taxes, how — business outside state, effect of.
Effective – 15 May 1986 148.095. Banks operating more than one branch or office, returns, how filed — allocation of taxes, how — business outside state, effect of. — If any bank operates more than one office or branch in the state of Missouri, the bank shall file one return giving the address of each […]