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Missouri Code of State Regulations — Title 12 (Department of Revenue)

12 CSR 10-2.150

Tax Exempt Status of United States Government-Related Obligations

Official textsos.mo.govlast amended

PURPOSE: This rule notifies the public of the exempt or nonexempt status of United States government obligations pursuant to section 143.121, RSMo.

# (1)

Obligations of the United States Government made exempt from income taxation by Missouri pursuant to 31 U.S.C. section 3124 are tax exempt.

# (2)

Obligations issued by the following United States govern-ment-related agencies are not tax-exempt: Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, Government National Mortgage Association, Export-Import Bank of United States, Farmers Home Administration, and the Washington Metropolitan Area Transit Authority. Additionally, Repurchase Agreements and New Communities Debentures are not tax-exempt.

# (3)

The identification of obligations by this regulation is not necessarily all-inclusive.
AUTHORITY: section 143.961, RSMo 2016.* Original rule filed Dec.
23, 1985, effective May 29, 1986. Emergency amendment filed Dec.
2, 1992, effective Jan. 1, 1993, expired April 30, 1993. Emergency amendment filed April 14, 1993, effective May 1, 1993, expired
Aug. 28, 1993. Amended: Filed Dec. 2, 1992, effective July 7, 1993.
Amended: Filed June 2, 2025, effective Nov. 30, 2025.
*Original authority: 143.961, RSMo 1972.
31 U.S.C. 3124, Farmers & Traders State Bank v. Johnson, 458 N.E. 2d 1365 (Ill. App. 4th Dist. 1984).

Amendment history

AUTHORITY: section 143.961, RSMo 2016.* Original rule filed Dec. 23, 1985, effective May 29, 1986. Emergency amendment filed Dec. 2, 1992, effective Jan. 1, 1993, expired April 30, 1993. Emergency amendment filed April 14, 1993, effective May 1, 1993, expired Aug. 28, 1993. Amended: Filed Dec. 2, 1992, effective July 7, 1993. Amended: Filed June 2, 2025, effective Nov. 30, 2025. *Original authority: 143.961, RSMo 1972. 31 U.S.C. 3124, Farmers & Traders State Bank v. Johnson, 458 N.E. 2d 1365 (Il

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In this chapter (40 sections)
  1. 12 CSR 10-2.052 · Optional Single Sales Factor
  2. 12 CSR 10-2.055 · Failure to File Tax Returns
  3. 12 CSR 10-2.060 · Failure to Pay Tax
  4. 12 CSR 10-2.065 · Failure to Pay Estimated Tax
  5. 12 CSR 10-2.067 · Failure to Pay Estimated Tax for Tax Years Ending…
  6. 12 CSR 10-2.070 · Interest on Overpayments
  7. 12 CSR 10-2.075 · Multistate Allocation and Apportionment
  8. 12 CSR 10-2.076 · Allocation and Apportionment (Beginning on or After…
  9. 12 CSR 10-2.080 · Domestic International Sales Corporations
  10. 12 CSR 10-2.085 · Credit for New or Expanded Business Facility
  11. 12 CSR 10-2.090 · Computation of Federal Income Tax Deduction for…
  12. 12 CSR 10-2.105 · Report of Changes in Federal Income Tax Return
  13. 12 CSR 10-2.110 · Penalty for Filing Incomplete or Misleading Income…
  14. 12 CSR 10-2.115 · Enterprise Zone Credit and Exemption
  15. 12 CSR 10-2.120 · Information at Source Reporting Requirements
  16. 12 CSR 10-2.125 · Cultural Contributions PURPOSES: This rule…
  17. 12 CSR 10-2.130 · Allocation of Taxable Social Security Benefits…
  18. 12 CSR 10-2.135 · Frivolous Returns
  19. 12 CSR 10-2.140 · Partnership Filing Requirements
  20. 12 CSR 10-2.145 · Regulation for Computation of Interest on Investment…
  21. 12 CSR 10-2.150 · Tax Exempt Status of United States Government-Related…
  22. 12 CSR 10-2.155 · Regulated Investment Companies
  23. 12 CSR 10-2.160 · State Income Tax Deduction Add-Back
  24. 12 CSR 10-2.165 · Net Operating Losses on Corporate Income Tax Returns
  25. 12 CSR 10-2.170 · Wood Energy Credit
  26. 12 CSR 10-2.175 · Agricultural Unemployed Person
  27. 12 CSR 10-2.180 · Public Law 86-272 Immunity
  28. 12 CSR 10-2.190 · Partnership and S Corporation Annual Return Filing…
  29. 12 CSR 10-2.195 · Special Needs Adoption Tax Credit
  30. 12 CSR 10-2.200 · Trucking Companies
  31. 12 CSR 10-2.205 · Railroads
  32. 12 CSR 10-2.210 · Airlines
  33. 12 CSR 10-2.220 · Taxation of Nonresident Members of Professional…
  34. 12 CSR 10-2.225 · Withholding of Tax by Nonresident Professional…
  35. 12 CSR 10-2.226 · Withholding of Tax by Nonresident Professional…
  36. 12 CSR 10-2.230 · Construction Contractors
  37. 12 CSR 10-2.235 · Government Pension Exemption
  38. 12 CSR 10-2.240 · Determination of Timeliness
  39. 12 CSR 10-2.250 · Reciprocal Agreements with Other States for Tax…
  40. 12 CSR 10-2.255 · Allocation and Apportionment for Nonresident…
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