Section 7 Single-Factor Formula
| Library | Tax Law 2009 |
Missouri’s single-factor formula, as set forth in § 143.451.2(2)(b), RSMo 2000, is based on sales:
(b) The amount of sales which are transactions wholly in this state shall be added to one-half of the amount of sales which are transactions partly within this state and partly without this state, and the amount thus obtained shall be divided by the total sales . . ., and the net income shall be multiplied by the fraction thus obtained, to determine the proportion of income to be used to arrive at the amount...
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