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Missouri Free Printable Form INT-2 - 2019 Bank Franchise Tax Return Package for 2020 Missouri Bank Franchise Tax Return

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Bank Franchise Tax Return
Form INT-2 - 2019 Bank Franchise Tax Return Package

Reset Form Print Form Form 2019 Bank Franchise Tax Return INT-2 2020 Taxable year based on the 2019 calendar year income period Name Due date April 15, 2020 North American Industry Classification System (NAICS) | | | | | | Address City State County Name Federal Employer Identification Number (FEIN) | | | | | | | Zip Code County Code | During this taxable year, have you been notified of a change in your federal net income or federal income taxes for any period? (If yes, submit schedule of changes).......................................................................................... r Yes A copy of the federal return and supporting schedules must be attached to this return. r No 1. Federal taxable income (loss) from Federal Forms 1120, Line 28 or 1120S, Line 21................. 1 2. Income from state or political subdivisions obligations not included in federal income (see instructions if different from Federal Forms 1120 or 1120S)................................................ 2 Part 1 - Additions 3. Income from federal government securities not included in federal income................................ 3 4. Charitable contribution claimed on federal return (attach schedule)............................................ 4 5. Bad debt claimed on federal return r Reserve method r Direct write-off method r Other __________________________________.................................................................. 5 6. Net bad debt recoveries............................................................................................................... 6 7. Missouri Bank Franchise tax deducted on federal return............................................................. 7 8. Taxes deducted on federal return, claimed as credits on this return (must be detailed on Schedule A or attachment)......................................................................... 8 9. Other additions (attach detailed schedule).................................................................................. 9 Part 2 - Deductions 10. Total of Lines 1 through 9............................................................................................................ 10 11. Net bad debt charge offs.............................................................................................................. 11 12. Federal income tax deduction (see instructions)......................................................................... 12 13. Other deductions (attach detailed schedule)............................................................................... 13 14. Total of Lines 11, 12, and 13....................................................................................................... 14 15. Total income before charitable contribution deduction (Line 10 less Line 14)............................. 15 16. Charitable contribution deduction (limit is 5% of Line 15) ........................................................... 16 17. Port Cargo Expansion deduction (see instructions)..................................................................... 17 18. International Trade Facility deduction (see instructions).............................................................. 18 19. Qualified Trade Activities deduction (limit is 50% of Line 10) ..................................................... 19 20. Taxable income (Line 15 less Lines 16, 17, 18, and 19)............................................................. 20 Part 3 - Computation of Tax 21. Tax at 7% of Line 20 (if apportionment required, see instructions).............................................. 21 22. Less credits from Line 8............................................................................................................... 22 23A. Less tentative payment or amount previously paid...................................................................... 23A 23B. Overpayment of previous year’s tax ........................................................................................... 23B 23C. Miscellaneous credits (attach schedule and approved authorizations)........................................ 23C 23D. Enterprise Zone Credit (attach certificate of eligibility)................................................................. 23D 23E. Bank Franchise Tax Credit: Total available $ _____________ Amount transferred to corporate income tax $_____________ Amount claimed on this return 23E 23F. Bank Credit under Section 148.064.7 RSMo. (attach schedule)................................................ 23F 24. Balance due or overpaid.............................................................................................................. 24 25A. Interest for delinquent payment after April 15, 2020 (see instructions)........................................ 25A 25B. Additions to tax (see instructions)................................................................................................ 25B 26. Total amount due or overpayment to be refunded (Lines 24, 25A, and 25B).............................. 26 Form INT-2 (Revised 12-2019) Reset This Section Only Amount Schedule A - Taxes Claimed As Credits Description (Do not list tangible personal property tax on leased property) Authorization and Signature Total (Enter on Lines 8 and 22, Page 1) I authorize the Director of Revenue or delegate to discuss my return and attachments with the preparer or any member of his or her firm, or if internally prepared, any member of the internal staff............................................... r Yes r No Under penalties of perjury, I declare that the above information and any attached supplement is true, complete, and correct. Declaration of preparer (other than taxpayer) is based on all information of which he or she has any knowledge. Signature of Officer (Required) Title of Officer Phone Number ( ) Date (MM/DD/YYYY) - ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ __ __ /__ __ /__ __ __ __ Preparer’s Signature (Including Internal Preparer) Preparer’s FEIN, SSN, or PTIN Phone Number Date (MM/DD/YYYY) (___ ___ ___)___ ___ ___-___ ___ ___ ___ __ __ /__ __ /__ __ __ __ Make check or money order payable to “Missouri Department of Revenue”. Mail completed form and attachments to the address below. If you pay by check, you authorize the Department of Revenue to process the check electronically. Any returned check may be presented again electronically. Form INT-2 (Revised 12-2019) Mail to: Taxation Division P.O. Box 898 Jefferson City, MO 65105-0898 Phone: (573) 751-2326 TTY: (800) 735-2966 Fax: (573) 522-1721 E-mail: [email protected] Visit http://dor.mo.gov/business/finance for additional information. Form INT-2-1 2019 Bank Franchise Tax Schedule BF 2020 Taxable Year‑Based On The 2019 Calendar Year Income Period • This form is required to be submitted with the Bank Franchise Tax Return (Form INT-2) to determine bank franchise tax credit eligibility. • Banks Having All Assets Within Missouri - Complete Items 1, 2, and 6A only • Banks Having Assets Both Within And Without Missouri - Complete All Items, Except 6A Due Date April 15, 2020 Calculations 1. Par Value Of All Issued And Outstanding Stock. If No Par Value See General Instructions............................. 1 2. Assets 2A. Total value of assets (see general instructions)............................................................................................ 2A 2B. Deductions for investments in and advances to subsidiaries (attach Schedule MO-5071 or a schedule)............................................................................................................................................... 2B 2C. Net amount of assets (Line 2A minus Line 2B)............................................................................................. 2C 3. Allocation Per Attached Missouri Balance Sheet Or Schedule (A) Missouri (B) Everywhere 3A. Accounts receivable 3A 3B. Inventories ................................................................................................ 3B 3C. Net total value for land and fixed assets .................................................. 3C 3D. Total allocated assets............................................................................... 3D 4. Percentage Apportionable To Missouri (Line 3D, Column A divided by Line 3D, Column B)............................. 4 5. Assets Apportioned To Missouri (Line 2C times Line 4)...................................................................................... 5 6. Tax Basis 6A. Total amount of all assets in Missouri (greater of Line 2C or Line 1)............................................................ 6A 6B. Total amount of assets within and without Missouri (Line 5, or the product of Line 1 times Line 4, whichever is greater)...................................................................................................................................... 6B . % Instructions For taxable years beginning on or after January 1, 2016, no annual franchise tax shall be imposed. For any bank whose outstanding shares and surplus in or apportioned to Missouri exceed ten million dollars, Form INT-2-1 must be completed if claiming a bank franchise tax credit. For capital stock with no par value, the value is $5.00 per share or actual value, whichever is higher. Balance Sheet For Banks: Enter on Line 2A the results of deducting total deposits from total assets shown on the Call Report as of the beginning of business on the first day of the corporation’s taxable period. Attach a copy of Schedule RC — Balance Sheet from the Call Report to the Missouri Bank Franchise Tax Schedule BF. Subsidiary Investments: Submit a schedule of investments and advances to all subsidiaries indicating the names and percentage of voting stock owned in each. Subsidiaries must be corporations and ownership must be over 50 percent to qualify. Accounts Receivable: Include as Missouri assets all notes, accounts, contracts receivable that are based upon Missouri destination sales. Receivables which are not derived from sales must be included as Missouri assets if the borrower is located in Missouri. If accounts receivable from subsidiaries are included in Line 2B, do not include in Line 3A. Inventories: Include as Missouri assets the amount of all inventories owned by the corporation and used in Missouri. The value of inventories should be determined by the method used for income tax purposes. Land And Fixed Assets: Include as Missouri assets all land and fixed assets located in Missouri owned by the bank. The value of land and fixed assets should be the original cost less accumulated depreciation. Bank Overdrafts: Overdrafts as shown on the balance sheet constitutes a liability and are not deductible. Add negative cash figures back to total assets. Allocation And Apportionment: A bank having assets both within and without Missouri apportions its total assets based on the amount of accounts receivable, inventory, land and fixed assets allocated to Missouri. Extend the apportionment percentage on Line 4 to four digits to the right of the decimal point; such as .1234 percent or .0123 percent. Mail to: Taxation Division P.O. Box 898 Jefferson City, MO 65105-0898 Form INT-2-1 (Revised 12-2019) Phone: (573) 751-2326 TTY: (800) 735-2966 Visit http://dor.mo.gov/business/finance/ Fax: (573) 522-1721 for additional information. E-mail: [email protected] Reset Form Print Form Form 2331 Financial Institution Tax Schedule B Credit Unions Savings & Loans Building & Loans Banks This form must be completed and submitted with the Bank Franchise Tax Return (Form INT-2), Savings & Loan Association - Building & Loan Association Tax Return (Form INT-3), or Credit Union Tax Return (Form INT-4). The information for this form is available from your real or personal property tax receipts. Complete one section for each office location, home, agency, etc., in Missouri. Extend percentages four digits to the right of the decimal. Total must equal 100%. $ Year End Combined Total Amount Of All Accounts Or Deposits At Missouri Locations Year End Combined Total Amount Of All Savings Accounts, Deposits, Or Repurchase Agreements At Missouri Locations $ Attach additional pages if necessary. Physical Street Address City State Year End Total Of Deposits $ ZIP Code Name Or Number Subdivisions . Percentage Of Total Amt. % County City Road District School District Library District Political Subdivisions Taxing the Reporting Financial Institutions Water District Sewer District Fire District Township Or Other Tax Dist. Physical Street Address City State Subdivisions Year End Total Of Deposits $ ZIP Code Name Or Number . Percentage Of Total Amount % County City Road District School District Library District Water District Sewer District Fire District Township Or Other Tax Dist. Form 2331 (Revised 12-2016) Mail to: Taxation Division P.O. Box 898 Jefferson City, MO 65105-0898 For more information, visit Phone: (573) 751-2326 http://dor.mo.gov/business/finance/. Fax: (573) 522-1721 TTY: (800) 735-2966 E-mail: [email protected] Reset Form Form Print Form 2019 Apportionment Schedule Bank Franchise Tax 4347 Total Within and Without Missouri (a) Apportionment Factors Total Within Missouri (b) Percent Within Missouri (b) ÷ (a) 1. Average yearly value of real and tangible personal property used in the business, whether owned or rented. Owned property: (at original cost, see instructions) (Exclude property not connected with the business and value of construction in progress) 1a. Land 1b. Depreciable assets Apportionment Schedule 1c. Inventory and supplies 1d. Other (attach schedule) 1e. Net annual rental of property, times eight (8) Total property values - Total of lines 1a through 1e 1 . % 2. Wages, salaries, commissions, and other compensation of employees — Total wages and salaries 2 . % 3. Average daily deposits — Total 3 . % 4. Apportionment Factor — add percentages on Lines 1, 2, and 3, and divide by factors present (see instructions) 4 . % 5. Taxable income from Bank Franchise Tax Return, Form INT-2, Line 20 5 6. Multiply Line 5 by Line 4, enter result 6 7. Multiply Line 6 by 7%. Enter here and on Bank Franchise Tax Return, Form INT-2, Line 21. 7 Mail to: Taxation Division P.O. Box 898 Jefferson City, MO 65105-0898 Form 4347 (Revised 12-2019) Phone: (573) 751-2326 Visit http://dor.mo.gov/business/finance/ Fax: (573) 522-1721 for additional information. TTY: (800) 735-2966 E-mail: [email protected] Instructions For Apportionment Schedule Who may apportion income? A taxpayer must have income from business activity taxable by this state and at least one other state, to apportion income. The income of the taxpayer is divided between the states in which the business is conducted pursuant to the property, payroll and deposits apportionment factors. If one or more of the three factors does not exist (that is, there is no denominator) determine the apportionment factor (Apportionment Schedule, Line 4) by dividing by the number of factors used. 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 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. 1. Property Factor: The denominator is the average value of all the taxpayer’s real and tangible personal property owned or rented and used during the income year, except under this subsection, any property that the bank acquired in settlement of debts and is held for sale under Section 362.165, RSMo, or Section 29 Title 12 United States Code. The numerator of the property factor shall include the average value of the taxpayer’s real and tangible personal property owned or rented and used in this state or in another state which does not subject the taxpayer to a tax described in the above instruction, “Taxable in Another State,” during the income year. An automobile assigned to a traveling employee shall be included in the numerator of the factor of the state to which the employee’s compensation is assigned under the payroll factor or in the numerator of the state in which the automobile is licensed. Property owned by the taxpayer shall be valued at its original cost. As a general rule “original cost” is deemed to be the basis of the property for federal income tax purposes (prior to any federal adjustments) at the time of acquisition by the taxpayer and adjusted by subsequent capital additions or improvements thereto and partial disposition thereof, by reason of sale, exchange, abandonment, etc. Property rented by the taxpayer is valued at eight times the net annual rental rate. The net annual rental rate is the total annual rental rate paid by the taxpayer, less total annual rental rates received by the taxpayer from subrentals. As a general rule the average value of property owned by the taxpayer shall be determined by averaging the values at the beginning and ending of the income year. However, the Director of Revenue may require averaging by monthly values if such method of averaging is reasonably required to properly reflect the average value of the taxpayer’s property for the income year. 2. Payroll Factor: The payroll factor includes only compensation which is attributable to the income subject to apportionment. The denominator of the payroll factor is the total compensation paid everywhere during the income year. The numerator of the payroll factor is the total amount paid in this state or in another state which does not subject the taxpayer to a tax described in the above instruction, “Taxable in Another State,” during the income year by the taxpayer for compensation. Compensation is paid in this state if any one of the following test, applied consecutively, are met: a) The employee’s service is performed entirely within this state; b) The employee’s service is performed both within and without this state, but the service performed without this state is incidental to the employee’s service within the state (the word “incidental” means any service which is temporary or transitory in nature, or which is rendered in connection with an isolated transaction); c) If the employee’s services are performed both within and without this state, the employee’s compensation will be attributed to this state: (i) if the employee’s base of operations is in this state; or (ii) if there is no base of operations in any state in which some part of operations of the service is performed, but the place from which the service is directed or controlled is in this state; or (iii) if the base of operations or the place from which the service is directed or controlled is not in any state in which some part of the service is performed by the employee’s residence is in this state. The term “base of operation” is the place of more or less permanent nature from which the employee starts his work and to which he customarily returns in order to receive instructions from the taxpayer or communications from his customers or other persons, or perform any other functions necessary to the exercise of his trade or profession at some other point or points. 3. Deposits Factor: The denominator of the deposits factor is the average deposits recorded on the books everywhere by the taxpayer during the income year. The numerator of the deposits factor is the average of deposits recorded on the books at the main banking house and branches of the taxpayer within this state during the income year. Such average shall be determined by averaging deposits as of the first of the year with deposits as of the last day of the year. Note: Percentages on Lines 1–4 should be extended to four digits to the right of the decimal. Form 4347 (Revised 12-2019) Reset Form Form 5071 Department Use Only (MM/DD/YY) Corporation Investments in or Advances to Subsidiaries Schedule Taxable Year Print Form Beginning Ending (MM/DD/YY) (MM/DD/YY) Federal Employer I.D. Number Federal Employer Identification Number Corporation Name Investments and Advances | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ownership Percentage Form 5071 (Revised 12-2016) Mail to: Taxation Division P.O. Box 898 Jefferson City, MO 65105-0898 Phone: (573) 751-2326 Visit http://dor.mo.gov/business/finance/ Fax: (573) 522-1721 for additional information. E-mail: [email protected] Form 5071, Corporation Investments in or Advances to Subsidiaries Schedule This information is for guidance only and does not state the complete law. 1.  Complete and file with each Form INT-2-1 when claiming a deduction for investments in or advances to subsidiaries (Line 2b). 2. Identify the full name of each subsidiary. The entity must be a corporation. Limited liability companies and partnerships are not allowable. 3. Complete the amount of investments in or advances to subsidiaries. 4. Provide the percentage of ownership. The corporation claiming the deduction must own more than fifty percent (50%) of the voting stock of the subsidiary. 5.  Assets advanced “upward” from a subsidiary to a parent may be deducted under the same conditions ap­plic­able to advances from parent to subsidiary. 6. Cross-company advances may be deducted when all of the following conditions are met: a.  The entities involved in the transaction must be connected in an uninterrupted chain of ownership of more than fifty percent (50%) of the voting stock; and b. Both the entity claiming the deduction and the entity receiving the advance must be corporations; and c.  All of the entities connecting the corporations involved in the transaction must be corporations; and d. The deduction may only be taken on one corporation’s franchise tax schedule. 7. Intercompany receivables deducted on Line 2b may not be included in Form INT-2-1, Line 3a. General Instructions - 2019 Bank Franchise Tax Return Section 148.010 – 148.112, RSMo This information is for guidance only and does not state the complete law. The 2019 Bank Franchise Tax Return (Form INT-2) form must be completed and filed by April 15, 2020. An extension of time to file this return can be requested through the Application for Extension of Time to File (Form 7004). An extension of time to file the return does not extend the time for payment of the tax. An extension of time may not exceed 180 days from the due date (April 15) pursuant to Regulation 12 CSR 10‑10.110. Note: Any payment submitted after the due date of April 15 is subject to interest at the rate determined by Section 32.065, RSMo which can be obtained from the Department’s website at http://dor.mo.gov/intrates.php. If any return is not filed by the due date, a penalty of 5% per month, not to exceed 25%, is calculated on the amount due. This return must be filed by 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 branch or office physically located in this state of any commercial bank or trust company. The Financial Institution Tax Schedule B (Form 2331) must be completed and submitted with each Form INT-2. For proper completion, please refer to Regulation 12 CSR 10-10.020. If any bank operates more than one office or branch in Missouri, the bank shall file one return giving the address of each office or branch with the total dollar amounts of accounts or deposits of each office on Form 2331. All returns are filed based upon a calendar year business activity basis. Instructions Enter the three digit county code of the principal place of your institution from the list provided at the end of these instructions. Part 1 Line 1 Enter the amount of taxable income or loss from Federal Form 1120, Line 28, before any net operating loss deduction or special deduction is applied, or Federal Form 1120S, Line 21. Taxpayers that are members of an affiliated group filing a consolidated federal income tax return shall compute federal taxable income as if a separate federal tax return had been filed by each member of the affiliated group. A pro forma federal return or appropriate schedules should then be attached together with a copy of pages 1 through 4 of the consolidated federal income tax return. claimed as a credit. Capitalized sales and use taxes paid by banks as purchasers are creditable. Documentation to support the capitalized sales and use tax credit must be available upon request. Certain criteria must be met in order for a tax credit to be allowable pursuant to Regulation 12 CSR 10‑10.150, Tax Credits on Bank Tax Return, as follows: (1) The following criteria shall be used to establish whether or not a tax credit may be claimed against the Bank Franchise Tax, imposed by Sections 148.010 to 148.110, RSMo, computed pursuant to Section 148.030.3, RSMo: (A) The payment must have been made to the state of Missouri or a political subdivision located in the state of Missouri. Line 2 Enter all income received on state or political subdivision obligations excluded from the federal return. This income is taxable on this return. Explain if different from tax-exempt interest shown on the federal return. (B) Payment must have resulted from a tax liability imposed by a government agency, as defined in subsection (1)(A), and cannot be a regulatory fee collected solely for the purpose of paying the cost of administering the taxing jurisdiction’s laws. Line 3 Enter all income received on federal securities excluded from the federal return (e.g., non‑taxable portion Federal Reserve Bank dividends). This income is taxable on this return. (C) The following should be used as a general guideline to de­termine if an exaction, required by subsection (1)(A), is an allowable tax credit or a non‑creditable fee: Line 4 Enter the charitable contribution claimed on the federal return. 1. If the proceeds, paid as defined in subsection (1)(A), are collected for deposit into the general revenue account of the taxing jurisdiction, to raise revenue for said entity, then it is a tax and is an allowable tax credit. Line 5 Enter the bad debt claimed on the federal return or any additions to a bad debt reserve claimed as a de­duc­tion on federal return. (The reserve method is not a permissible method on this return.) In the appropriate box, indicate the bad debt method used on the federal return. Line 6 Enter the excess, if any, of recoveries of bad debts previously charged off over current year charge offs. Attach schedule of bad debt computation. Line 7 Enter any Missouri Bank Franchise Tax deducted on the federal return. This is not an allowable deduction on this return. Note: Cash basis banks should add the Missouri Bank Franchise Tax paid in the preceding calendar year. Accrual basis banks should add the Missouri Bank Franchise Tax accrued during the previous calendar year. Line 8 Enter here and on Line 19 any taxes claimed as credits on this return. All taxes paid to the State of Missouri or any political subdivision thereof are eligible except taxes on real estate, unemployment taxes, bank tax, and taxes on tangible personal property owned by the taxpayer and held for lease or rental to others. Show detail on Page 2, Schedule A. All state and local sales and use taxes paid by banks as purchasers to sellers, vendors, or the State of Missouri on purchases of tangible personal property and services enumerated in Chapter 144, RSMo, may be 2. If the proceeds, paid as defined in subsection (1)(A), are collected primarily to cover the costs of the regulation of an activity, and which are then deposited with the regulatory agency, then it is a non‑cre­dit­able fee. (2) At all times the burden of establishing whether an exaction is an allowable tax credit or a non-creditable fee shall be on the taxpayer. An accrual basis taxpayer that is a member of an affiliated group filing a consolidated Missouri income tax return shall allocate a portion of the consolidated Missouri income tax liability for the year by multiplying such liability by a fraction, the numerator of which is the separate Missouri taxable income of such member, and the denominator of which is the sum of the separate Missouri taxable incomes of all members having Missouri taxable income for the applicable year. A cash basis taxpayer that is a member of an affiliated group filing a consolidated Missouri income tax return shall allocate each component of the consolidated Missouri income tax paid (or refunded) during the year by multiplying each component by a fraction, the numerator of which is the separate Missouri taxable income of such member for the Form INT-2 (Revised 12-2019) applicable year, and the denominator of which is the sum of the separate Missouri taxable incomes of all members having Missouri income for the applicable year. In the computation of separate Missouri taxable income, each member of a group filing a consolidated Missouri income tax return shall start with its separate federal taxable income as computed pursuant to the method applicable to the group under Treasury Regulation 1.1552‑1. The amount of the federal income tax deduction of each member under Section 143.171.1, RSMo, shall be that portion of the actual federal consolidated income tax liability of the group as is required to be allocated to such member under Internal Revenue Code Section 1552 without regard to any additional allocations under Treasury Regulation 1.1502‑33(d). The following are not allowable credits: • Sales tax paid to check printer(s) on checks the bank sold to its customers • Annual registration fee as this is not a tax Attach schedule of taxes deducted on Line 17, Federal Form 1120 or Federal Form 1120S, Line 12, for verification purposes. Line 9 Enter deductions claimed on the federal return which are not allowable on this return and income not included on the federal return which is required to be included on this return. (Attach schedule.) The environmental tax under Section 59A of the Internal Revenue Code must be added back to income. Any gain from the complete liquidation of another corporation that is not recognized because of Section 332 of the Internal Revenue Code must be added to income. Line 10 Enter the total of Lines 1 through 9. Part 2 Line 11 Enter the excess, if any, of bad debt charge offs over current year recoveries. Attach schedule of bad debt computation. Line 12 Enter the relevant income period deduction for federal income taxes. The relevant income period deduction is the amount actually accrued (if an accrual basis taxpayer) or paid (if a cash basis taxpayer) during the income period. A taxpayer that is a member of an affiliated group of corporations which filed 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 period to the United States as if it and all other members of the affiliated group of which it was a member had filed separate federal income tax returns for all relevant income periods. Line 19: Enter the amount of the Qualified Trade Activities deduction approved by the Missouri Department of Economic Development. Attach a copy of the certificate authorizing the deduction. The amount of the deduction cannot exceed fifty percent (50%) of the amount on Line 10. Line 20 Subtract Line 16, 17, 18 and 19 from Line 15 and enter the amount. Part 3 Line 21 Multiply the taxable income amount on Line 20 by 7% and enter amount. If Line 10 includes income from business activity both within and without the State of Missouri from offices or branches located in such state, the taxpayer may be eligible to apportion the tax. These taxpayers shall complete Apportionment Schedule Bank Franchise Tax (Form 4347) and attach to this return. Line 22 Enter the amount from Line 8. Line 23A Enter the amount of tentative payment (if applicable). Line 23B Enter overpayment of previous year’s tax. Line 23C Enter the amount of tax credits claimed from the list on the following page. Attach a schedule listing the amounts for each tax credit and a copy of the approved authorization to the return. See Section 148.064.1, RSMo, for ordering of tax credits. Tax credits can only be used once. Line 23D Enter the approved Enterprise Zone Credit claimed. To be eligible for this credit, you must use the percentages from the second paragraph of the Department of Economic Development (DED) certification letter and attach a copy to the INT-2. Compute the allowable Enterprise Zone Credit using the greater of the following methods. • Line 20 (taxable income) X DED percentage of income X 7% or • Line 21 (tax) less Line 22 X DED percentage of tax Line 23E The Bank Franchise Tax Credit is equal to 1/60th of one percent (.000167) of the amount entered on Line 6A or 6B of Schedule BF, if Line 6A or 6B exceeds one million dollars. Compute the total available Bank Franchise Tax Credit and enter in the space provided. Enter the amount claimed on this return on Line 23E. Any unused credit may be applied to the corporate income tax liability. Enter the amount to be transferred to corporate income tax in the space provided. Line 13 Enter the total amount of any deduction claimed on this return and not included on the federal return. These deductions must be itemized on a schedule attached to this return. Line 23F The Bank Credit allowed under Section 148.064.7, RSMo, is a tax credit equal to one and one-half percent (1 1/2 %) of net income reported from Line 20 or Apportionment Schedule 4347 Line 6. Enter the amount claimed on this return on Line 23F. The tax credit is not transferable. Banks that are required to recapture bad debt reserve to income pursuant to 26 USC § 585 should include the dollar amount recaptured to income on Line 13. Line 24 Subtract Line 22 from 21. Amount shall not be less than zero. Subtract Lines 23A through 23F from result above and enter amount. Line 14 Enter the total of Lines 11 through 13. Line 15 Subtract Line 14 from Line 10 and enter amount. If “loss”, indicate by brackets “( )” and enter “none” on Line 21. Line 16 Enter the charitable contribution deduction claimed on this return. The contribution deduction is limited to 5% of taxable income before the contribution deduction. Contribution carryover from prior year’s allow­ance on federal return is not allowable on this return. Attach charitable contribution schedule for verification purposes. Line 17 Enter the amount of the Port Cargo Expansion deduction approved by the Missouri Department of Economic Development. Attach a copy of the certificate authorizing the deduction. Line 25A Calculate interest for period which tax payment is delinquent. Interest is calculated from the due date of April 15 through the date of payment at the annual interest rate which can be obtained from the Department’s website at: http://dor.mo.gov/intrates.php. Line 25B Compute additions to tax, if applicable, and enter on Line 25B. 1. For failure to pay by the due date — multiply Line 24 by 5%; or 2. For failure to file your return by the due date — multiply Line 24 by 5% for each month late, not to exceed 25%. Line 26 Enter the total of Lines 24, 25A, and 25B. If a balance due, submit this amount. Line 18: Enter the amount of the International Trade Facility deduction approved by the Missouri Department of Economic Development. Attach a copy of the certificate authorizing the deduction. Form INT-2 (Revised 12-2019) Available Tax Credits County Codes Affordable Housing Assistance Agricultural Products Utilization Alternative Fuel Infrastructure Bond Enhancement Brownfield “Jobs and Investment” Business Use Incentives for Large-scale Development (BUILD) Demolition Development Development Reserve Developmental Disability Care Provider Distressed Areas Land Assemblage Export Finance Family Development Account Family Farms Act Film Production Historic Preservation Infrastructure Development Innovation Campus Maternity Home Missouri Low Income Housing Missouri Quality Jobs Missouri Works Neighborhood Assistance New Enhanced Enterprise Zone New Enterprise Creation New Generation Cooperative New Market Pregnancy Resource Rebuilding Communities Rebuilding Communities and Neighborhood Preservation Act Remediation Residential Treatment Agency Shelter for Victims of Domestic Violence Small Business Incubator Small Business Investment Special Needs Adoption Sporting Contribution Sporting Event Transportation Development Youth Opportunities Code County Code County Code County Code County Code County 001 Adair 003 Andrew 005 Atchison 007 Audrain 009 Barry 011 Barton 013 Bates 015 Benton 017 Bollinger 019 Boone 021 Buchanan 023 Butler 025 Caldwell 027 Callaway 029 Camden 031 Cape Girardeau 033 Carroll 035 Carter 037 Cass 039 Cedar 041 Chariton 043 Christian 045 Clark 047 Clay 049 Clinton 051 Cole 053 Cooper 055 Crawford 057 Dade 059 Dallas 061 Daviess 063 Dekalb 065 Dent 067 Douglas 069 Dunklin 071 Franklin 073 Gasconade 075 Gentry 077 Greene 079 Grundy 081 Harrison 083 Henry 085 Hickory 087 Holt 089 Howard 091 Howell 093 Iron 095 Jackson 097 Jasper 099 Jefferson 101 Johnson 103 Knox 105 Laclede 107 Lafayette 109 Lawrence 111 Lewis 113 Lincoln 115 Linn 117 Livingston 119 McDonald 121 Macon 123 Madison 125 Maries 127 Marion 129 Mercer 131 Miller 133 Mississippi 135 Moniteau 137 Monroe 139 Montgomery 141 Morgan 143 New Madrid 145 Newton 147 Nodaway 149 Oregon 151 Osage 153 Ozark 155 Pemiscot 157 Perry 159 Pettis 161 Phelps 163 Pike 165 Platte 167 Polk 169 Pulaski 171 Putnam 173 Ralls 175 Randolph 177 Ray 179 Reynolds 181 Ripley 183 St Charles 185 St Clair 187 St Francois 189 St Louis County 193 Ste Genevieve 195 Saline 197 Schuyler 199 Scotland 201 Scott 203 Shannon 205 Shelby 207 Stoddard 209 Stone 211 Sullivan 213 Taney 215 Texas 217 Vernon 219 Warren 221 Washington 223 Wayne 225 Webster 227 Worth 229 Wright 510 St Louis City Form INT-2 (Revised 12-2019) Taxation Division P.O. Box 898 Jefferson City, MO 65105-0898 Phone: (573) 751-2326 Fax: (573) 522-1721 TTY: (800) 735-2966 E-mail: [email protected] Visit http://dor.mo.gov/business/finance/ for additional information.
Extracted from PDF file 2019-missouri-form-int-2.pdf, last modified September 2019

More about the Missouri Form INT-2 Corporate Income Tax TY 2019

We last updated the Bank Franchise Tax Return in March 2020, so this is the latest version of Form INT-2, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form INT-2 directly from TaxFormFinder. You can print other Missouri tax forms here.

Related Missouri Corporate Income Tax Forms:

TaxFormFinder has an additional 61 Missouri income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Missouri Form INT-2.

Form Code Form Name
Form INT-2-1 Bank Franchise Tax Schedule BF

Download all MO tax forms View all 62 Missouri Income Tax Forms


Form Sources:

Missouri usually releases forms for the current tax year between January and April. We last updated Missouri Form INT-2 from the Department of Revenue in March 2020.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Missouri Form INT-2

We have a total of nine past-year versions of Form INT-2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form INT-2

Form INT-2 - 2019 Bank Franchise Tax Return Package

2018 Form INT-2

Form INT-2 - 2018 Bank Franchise Tax Return Package

2017 Form INT-2

Form INT-2 - 2017 Bank Franchise Tax Return Package

2016 Form INT-2

Form INT-2 - 2016 Bank Franchise Tax Return

2015 Form INT-2

Form - INT-2 2015 Bank Franchise Tax Return and Instructions

Bank Franchise Tax Return 2014 Form INT-2

INT-2 Bank Franchise Tax Return and Instructions

Bank Franchise Tax Return 2013 Form INT-2

INT-2 Bank Franchise Tax Return

2012 Form INT-2

INT-2 Bank Franchise Tax Return

2011 Form INT-2

INT-2 Bank Franchise Tax Return


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