Section 24 Property Factor
| Library | Tax Law 2009 |
10. The property factor is a fraction, the numerator of which is the average value of the taxpayer’s real and tangible personal property owned or rented and used in [Missouri] during the tax period and the denominator of which is the average value of all the taxpayer’s real and tangible personal property owned or rented and used during the tax period.
Compact, Article IV, § 10.
Property used in the production of nonbusiness income is excluded from the property factor. 12 C.S.R. § 10-2.075(20). Property...
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