Section 23 Introduction

• Library: Tax Law 2009

A corporation’s business income is apportioned to Missouri under the Compact by multiplying the income by a
fraction with a numerator of the property factor plus the payroll factor plus the sale factor and a denominator of
three. Compact, Article IV, § 9. The instructions to Schedule MO-MS (Corporation Allocation and Apportionment of Income Schedule), Method 1 (Multistate Allocation and Three Factor Apportionment), direct that...