Missouri Code of State Regulations — Title 12 (Department of Revenue)
12 CSR 10-3.266
Sales to National Banks and Other Financial Institutions
(Rescinded January 30, 2011)
AUTHORITY: section 144.270, RSMo 1994. This rule was previously filed as rule no. 12 Jan. 22, 1973, effective Feb. 1, 1973. S.T.
regulation 030-9 was last filed Dec. 31, 1975, effective Jan. 10, 1976.
Refiled March 30, 1976. Amended: Filed Sept. 7, 1984, effective Jan.
12, 1985. Rescinded: Filed July 30, 2010, effective Jan. 30, 2011.
In Farm and Home Savings Association v. Spradling, 538 SW2d 313 (1976) the court held sales tax is a tax upon gross receipts of the seller, not the purchaser. Consequently, exemption provisions of the “tax in lieu of other taxes” statute did not exempt the association from payment of sales tax because it was the purchaser, not the seller. Had the legislature intended to exempt savings and loan associations as purchasers from use tax, it would have declared the intent in the act itself or specifically so provided in the exemption statute applicable to savings and loan associations.
Amendment history
AUTHORITY: section 144.270, RSMo 1994. This rule was previously filed as rule no. 12 Jan. 22, 1973, effective Feb. 1, 1973. S.T. regulation 030-9 was last filed Dec. 31, 1975, effective Jan. 10, 1976. Refiled March 30, 1976. Amended: Filed Sept. 7, 1984, effective Jan. 12, 1985. Rescinded: Filed July 30, 2010, effective Jan. 30, 2011. In Farm and Home Savings Association v. Spradling, 538 SW2d 313 (1976) the court held sales tax is a tax upon gross receipts of the seller, not the purchaser. Cons
Source: view the official PDF
In this chapter (40 sections)
- 12 CSR 10-3.233 · Export Sales
- 12 CSR 10-3.234 · Permit Required
- 12 CSR 10-3.236 · Domicile of Motor Vehicles
- 12 CSR 10-3.238 · Leasing Motor Vehicles for Release
- 12 CSR 10-3.240 · Meal Tickets
- 12 CSR 10-3.242 · Gross Sales Reporting Method
- 12 CSR 10-3.244 · Trade-Ins
- 12 CSR 10-3.245 · Exempt Federal, State Agency or Missouri Political…
- 12 CSR 10-3.246 · General Examples
- 12 CSR 10-3.247 · Information Required to be Filed by a Federal, State…
- 12 CSR 10-3.248 · Sales to the United States Government
- 12 CSR 10-3.249 · Sales to Foreign Diplomats
- 12 CSR 10-3.250 · Sales to Missouri
- 12 CSR 10-3.252 · Hunting and Fishing Licenses
- 12 CSR 10-3.254 · Sales to Missouri Political Subdivisions
- 12 CSR 10-3.256 · Sales Other Than Missouri or its Political…
- 12 CSR 10-3.258 · Petty Cash Funds
- 12 CSR 10-3.260 · Nonappropriated Activities of Military Services
- 12 CSR 10-3.262 · Government Suppliers and Contractors
- 12 CSR 10-3.264 · Repossessed Tangible Personal Property
- 12 CSR 10-3.266 · Sales to National Banks and Other Financial…
- 12 CSR 10-3.268 · General Rule
- 12 CSR 10-3.270 · Carbon Dioxide Gas
- 12 CSR 10-3.272 · Motor Fuel and Other Fuels
- 12 CSR 10-3.274 · Farm Machinery and Equipment
- 12 CSR 10-3.276 · Sales of Baling Wire, Baling Twine and Binder Twine
- 12 CSR 10-3.278 · Agricultural Feed and Feed Additives
- 12 CSR 10-3.280 · Sale of Agricultural Products by the Producer
- 12 CSR 10-3.282 · Sales of Seed, Pesticides and Fertilizers
- 12 CSR 10-3.284 · Poultry Defined
- 12 CSR 10-3.286 · Livestock Defined
- 12 CSR 10-3.288 · Florists
- 12 CSR 10-3.290 · Sellers of Poultry
- 12 CSR 10-3.292 · Ingredients or Component Parts
- 12 CSR 10-3.294 · Component Parts
- 12 CSR 10-3.296 · Manufacturing Defined
- 12 CSR 10-3.298 · Electrical Appliance Manufacturers
- 12 CSR 10-3.300 · Common Carriers
- 12 CSR 10-3.302 · Airline Defined
- 12 CSR 10-3.304 · Common Carrier Exemption Certificates