Effective - 28 Aug 2018, 2 histories
620.1350. Investment funds service corporation may make annual election to compute income derived within state — procedure. — 1. The words used in this section and sections 620.1355 and 620.1360 shall, unless the context otherwise requires, have the meaning provided in subdivision (4) of subsection 2 of section 143.451, and in addition, the following words shall have the following meanings:
(1) "Department", the department of economic development;
(2) "Director", the director of the department of economic development.
2. An investment funds service corporation or S corporation, certified pursuant to this section and sections 620.1355 and 620.1360, may make an annual election to compute the portion of income derived from sources within this state either pursuant to section 143.451 or pursuant to section 32.200 relating to the multistate tax compact. The annual election shall be made by the filing of a corporate income tax return reflecting the use of such election and by filing a copy of the certificate issued by the director pursuant to the provisions of this section and sections 620.1355 and 620.1360. The annual election may be made regardless of whether the corporation filed its income tax return on a single entity basis or was included in a consolidated income tax return in any year.
3. Notwithstanding the provisions of subsection 2 of this section to the contrary, for all tax years beginning on or after January 1, 2020, an investment funds service corporation or S corporation, certified pursuant to this section and sections 620.1355 and 620.1360, shall compute the portion of income derived from sources within this state pursuant to section 143.455.
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(L. 1997 2d Ex. Sess. S.B. 1 § 620.1350 subsecs 1, 2, A.L. 2018 S.B. 884)
Structure Missouri Revised Statutes
Title XL - Additional Executive Departments
Chapter 620 - Department of Economic Development
Section 620.015 - Administrative fund, uses, administration of.
Section 620.171 - Export development office created, purpose — powers and duties.
Section 620.450 - Executive department to promote tourism.
Section 620.455 - Tourism commission, members, qualifications, terms, reports required, expenses.
Section 620.465 - Powers of division.
Section 620.484 - Free public employment offices.
Section 620.490 - Rulemaking authority, coordination of state and federal job training resources.
Section 620.495 - Small business incubator program — definitions — tax credit.
Section 620.511 - Board established, purpose, meetings, members, terms, compensation for expenses.
Section 620.513 - Duties of the board, report — limitation on authority.
Section 620.552 - Citation of law.
Section 620.554 - Youth service and conservation corps established.
Section 620.556 - Definitions.
Section 620.558 - Programs — participation.
Section 620.560 - Community services and conservation program.
Section 620.562 - Summer employment program — at-risk participants, remediation.
Section 620.564 - Youth volunteer program.
Section 620.568 - Administration by project sponsor — administrative expenses.
Section 620.570 - Evaluation of programs — interagency cooperation — "Show-Me" employers.
Section 620.572 - Allocations for operation of corps.
Section 620.574 - Youth service and conservation corps fund created — sources, administration.
Section 620.580 - Citation of law.
Section 620.582 - Definitions.
Section 620.584 - Commission assigned to department of economic development — purpose of commission.
Section 620.586 - Commission members, terms, expenses, officers, meetings.
Section 620.588 - Commission powers and duties.
Section 620.590 - Information sharing and cooperation — coordination of effort, when.
Section 620.592 - Fund created, use of moneys — annual report.
Section 620.635 - Title of law.
Section 620.638 - Definitions.
Section 620.641 - Transfer of board duties to Missouri technology corporation.
Section 620.800 - Definitions.
Section 620.990 - Bylaws and rules authorized.
Section 620.1000 - Definitions.
Section 620.1003 - Centers, duties and powers.
Section 620.1007 - Annual report to whom.
Section 620.1020 - Business extension service team program created, purpose, duties — expenses.
Section 620.1025 - Director, duties.
Section 620.1027 - Teams, duties.
Section 620.1028 - Selection of team members — factors, provision of productivity assessment.
Section 620.1030 - New jobs fund created — sources, uses, conditions — conditional effective date.
Section 620.1045 - Citation of law.
Section 620.1048 - Definitions.
Section 620.1053 - Deposit of funds, interest — control of account — use of funds.
Section 620.1055 - Capital access program fund created.
Section 620.1058 - Use of loans — amount — limitation.
Section 620.1060 - Prohibited loans — definitions.
Section 620.1066 - Rulemaking procedure.
Section 620.1078 - Distribution of moneys — interest — categories of permissible loans.
Section 620.1081 - Determination of basic policy, rules.
Section 620.1210 - Commission duties and objectives — coordination with local film offices.
Section 620.1230 - Personnel provided by department of economic development.
Section 620.1240 - Administration by director, rulemaking authority.
Section 620.1580 - Advisory committee for electronic commerce established, members, terms, meetings.
Section 620.1875 - Title of law.
Section 620.1878 - Definitions.
Section 620.1884 - Rulemaking authority.
Section 620.1887 - Quality jobs advisory task force created, members.
Section 620.1890 - Report to the general assembly, contents.
Section 620.2000 - Citation of law.
Section 620.2005 - Definitions.
Section 620.2300 - Definitions — applications process.
Section 620.2400 - MERVN established, management of, purpose, requirements — report required.
Section 620.2450 - Program established, expanded access to broadband internet service — definitions.
Section 620.2452 - Eligible applicants.
Section 620.2453 - Application, contents.
Section 620.2455 - Prioritization of applications — ranking of applicants, system used.
Section 620.2457 - Grant application and award information to be posted on website.
Section 620.2458 - Rulemaking authority.
Section 620.2459 - Sunset provision.
Section 620.2465 - Program to increase high-speed internet access — rules.
Section 620.2468 - Site inspection.
Section 620.3100 - Office to be established, purpose, subject to appropriations.