Missouri Code of State Regulations — Title 12 (Department of Revenue)
12 CSR 10-2.080
Domestic International Sales Corporations
PURPOSE: The director of revenue has the responsibility of administering the Missouri income tax laws and, in that capacity, is required to interpret the taxing statute. This rule sets forth the interpretation of Chapter 143, RSMo by the Missouri Department of Revenue regarding income taxation of domestic international sales corporations.
PUBLISHER’S NOTE: The secretary of state has determined that publication of the entire text of the material that is incorporated by reference as a portion of this rule would be unduly cumbersome or expensive. This material as incorporated by reference in this rule shall be maintained by the agency at its headquarters and shall be made available to the public for inspection and copying at no more than the actual cost of reproduction. This note applies only to the reference material. The entire text of the rule is printed here.
(1) Any corporation which satisfies the requirements of Section 992 of the Internal Revenue Code of 1986 for a taxable year and is excepted from the imposition of federal income taxes as a domestic international sales corporation (DISC) shall not be subject to the Missouri income tax on corporations for that same taxable year.
AUTHORITY: section 143.961, RSMo 2016.* Original rule filed July 13, 1976, effective Oct. 11, 1976. Amended: Filed July 13, 2023, effective Feb. 29, 2024.
*Original authority: 143.961, RSMo 1972.
Amendment history
AUTHORITY: section 143.961, RSMo 2016.* Original rule filed July 13, 1976, effective Oct. 11, 1976. Amended: Filed July 13, 2023, effective Feb. 29, 2024. *Original authority: 143.961, RSMo 1972.
Source: view the official PDF
In this chapter (40 sections)
- 12 CSR 10-2.010 · Income Tax of Current or Former Spouses
- 12 CSR 10-2.015 · Withholding of Tax
- 12 CSR 10-2.016 · Quarter-Monthly Period Reporting and Remitting…
- 12 CSR 10-2.017 · Transient Employer Financial Assurance Instrument for…
- 12 CSR 10-2.019 · Determination of Withholding for Work Performed at…
- 12 CSR 10-2.020 · Difference in Basis on December 31, 1972
- 12 CSR 10-2.025 · Adjustment to Avoid Double Taxation
- 12 CSR 10-2.030 · Non-Standard Tax Periods, Subsequent Change of…
- 12 CSR 10-2.035 · Conformity of Missouri With Federal Accounting Methods
- 12 CSR 10-2.040 · Transitional Adjustments in Accounting Methods
- 12 CSR 10-2.045 · Missouri Consolidated Income Tax Returns
- 12 CSR 10-2.050 · Elective Division of Income
- 12 CSR 10-2.052 · Optional Single Sales Factor
- 12 CSR 10-2.055 · Failure to File Tax Returns
- 12 CSR 10-2.060 · Failure to Pay Tax
- 12 CSR 10-2.065 · Failure to Pay Estimated Tax
- 12 CSR 10-2.067 · Failure to Pay Estimated Tax for Tax Years Ending…
- 12 CSR 10-2.070 · Interest on Overpayments
- 12 CSR 10-2.075 · Multistate Allocation and Apportionment
- 12 CSR 10-2.076 · Allocation and Apportionment (Beginning on or After…
- 12 CSR 10-2.080 · Domestic International Sales Corporations
- 12 CSR 10-2.085 · Credit for New or Expanded Business Facility
- 12 CSR 10-2.090 · Computation of Federal Income Tax Deduction for…
- 12 CSR 10-2.105 · Report of Changes in Federal Income Tax Return
- 12 CSR 10-2.110 · Penalty for Filing Incomplete or Misleading Income…
- 12 CSR 10-2.115 · Enterprise Zone Credit and Exemption
- 12 CSR 10-2.120 · Information at Source Reporting Requirements
- 12 CSR 10-2.125 · Cultural Contributions PURPOSES: This rule…
- 12 CSR 10-2.130 · Allocation of Taxable Social Security Benefits…
- 12 CSR 10-2.135 · Frivolous Returns
- 12 CSR 10-2.140 · Partnership Filing Requirements
- 12 CSR 10-2.145 · Regulation for Computation of Interest on Investment…
- 12 CSR 10-2.150 · Tax Exempt Status of United States Government-Related…
- 12 CSR 10-2.155 · Regulated Investment Companies
- 12 CSR 10-2.160 · State Income Tax Deduction Add-Back
- 12 CSR 10-2.165 · Net Operating Losses on Corporate Income Tax Returns
- 12 CSR 10-2.170 · Wood Energy Credit
- 12 CSR 10-2.175 · Agricultural Unemployed Person
- 12 CSR 10-2.180 · Public Law 86-272 Immunity
- 12 CSR 10-2.190 · Partnership and S Corporation Annual Return Filing…