Section 33 Division of Deductions
Library | Tax Law 2009 |
Because the multiplicand to which the apportionment factor obtained under § 143.451.2(2), RSMo 2000, or the provisions of Article IV of the Multistate Tax Compact, § 32.200, RSMo 2000, is applied to “net income,” § 143.451.2(2)(b); Compact, Article IV, § 2, deductions generally are effectively apportioned to Missouri in the same proportion as income. The deduction for federal income taxes and the net operating loss deduction are both specifically allowed only to “the extent applicable to Missouri.” Section...
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- Section 1 Domestic Corporations
- Section 2 Jurisdiction to Tax Foreign Corporations
- Section 3 Eligibility for Allocation and Apportionment of Income
- Section 4 Introduction
- Section 5 Consolidated Returns
- Section 6 Use of a Nonstandard Apportionment Formula
- Section 7 Single-Factor Formula
- Section 8 Transactions Occurring Before January 1, 1980, and Transactions After December 31, 1979, Not Involving Sales of Tangible Personal Property
- Section 9 Summary: Circumstances Requiring or Permitting Apportionment
- Section 15 Entitlement to Apportionment of Income vs. Application of the Apportionment Formula
- Section 16 Double Taxation
- Section 17 Transactions Occurring After December 31, 1979, Involving Sales of Tangible Personal Property
- Section 18 Transactions Occurring in Taxable Years Beginning After December 31, 1988, Involving Sales of Tangible Personal Property
- Section 19 Allocation of Income
- Section 20 Eligibility for Allocation and Apportionment of Income
- Section 21 Business/Nonbusiness Income Distinction
- Section 22 Classification of Particular Items of Income
- Section 23 Introduction
- Section 24 Property Factor
- Section 25 Numerator of the Property Factor
- Section 26 Valuation
- Section 27 Payroll Factor
- Section 28 Sales Factor
- Section 29 Multiple Businesses of a Single Taxpayer
- Section 30 Consistency and Uniformity in Reporting
- Section 31 Other Methods of Allocation and Apportionment
- Section 32 Affiliated Groups of Corporations Doing an Interstate Business
- Section 33 Division of Deductions
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