Statutes, codes, and regulations
Missouri Administrative Code
Title 12 - DEPARTMENT OF REVENUEDivision 10 - Director of Revenue
Chapter 2 - Income Tax
Section 12 CSR 10-2.080 - Domestic International Sales Corporations

Mo. Code Regs. tit. 12 § 10-2.080

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Current through Register Vol. 49, No. 21, November 1, 2024.
Section 12 CSR 10-2.080 - Domestic International Sales Corporations

PURPOSE: This amendment removes the Publisher's Note, updates the IRC year in section (1), and updates the authority RSMo year.

(1) Any corporation which satisfies the requirements of Section 992 of the Internal Revenue Code of 1986 for a taxable year and is excepted from the imposition of federal income taxes as a domestic international sales corporation (DISC) shall not be subject to the Missouri income tax on corporations for that same taxable year.

12 CSR 10-2.080

AUTHORITY: section 143.961, RSMo 1986.* Original rule filed July 13, 1976, effective Oct. 11, 1976.
Amended by Missouri Register January 16, 2024/volume 49, Number 02, effective 2/29/2024.

*Original authority: 143.961, RSMo 1972.