Missouri Bank Franchise Tax Schedule BF

Bank Franchise Tax Schedule BF
Form INT-2-1
Form

INT-2-1

Missouri Department of Revenue
2015 Bank Franchise Tax Schedule BF

2016 Taxable Year‑Based On The 2015 Calendar Year Income Period
• Banks Having All Assets Within Missouri - Complete Items 1, 2, and 6A only
• Banks Having Assets Both Within And Without Missouri - Complete All Items, Except 6A	
Due Date April 18, 2016

Calculations

1. Par Value Of All Issued And Outstanding Stock. If No Par Value See General Instructions.............................	1
2.	Assets
	 2A.	Total value of assets (see general instructions)............................................................................................	2A
	 2B.	Deductions for investments in and advances to subsidiaries (attach Schedule MO-5071
		
or a schedule)...............................................................................................................................................	2B
	 2C.	Net amount of assets (Line 2A minus Line 2B).............................................................................................	2C
3.	Allocation Per Attached Missouri Balance Sheet Or Schedule	

(A) Missouri	

	 3A.	Accounts receivable 	

(B) Everywhere
3A

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	 3B.	Inventories ................................................................................................		 3B
	 3C.	Net total value for land and fixed assets ..................................................		 3C
	 3D.	Total allocated assets...............................................................................		 3D
4. Percentage Apportionable To Missouri (Line 3D, Column A divided by Line 3D, Column B).............................	4

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5.	Assets Apportioned To Missouri (Line 2C times Line 4)......................................................................................	5
6.	Tax Basis
	 6A.	Total amount of all assets in Missouri (greater of Line 2C or Line 1)............................................................	6A
	 6B.	Total amount of assets within and without Missouri (Line 5, or the product of Line 1 times Line 4,
		
whichever is greater)...................................................................................................................................... 	6B

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Instructions

Rate And Basis Of Tax: For taxable years beginning on
or after January 1, 2016, no annual franchise tax shall be
imposed. For capital stock with no par value, the value is
$5.00 per share or actual value, whichever is higher.
Balance Sheet For Banks: Enter on Line 2A the results of
deducting total deposits from total assets shown on the Call
Report as of the beginning of business on the first day of
the corporation’s taxable period. Attach a copy of Schedule
RC — Balance Sheet from the Call Report to the Missouri
Bank Franchise Tax Schedule BF.

Accounts Receivable: Include as Missouri assets all notes,
accounts, contracts receivable that are based upon Missouri
destination sales. Receivables which are not derived from
sales must be included as Missouri assets if the borrower is
located in Missouri. If accounts receivable from subsidiaries
are included in Line 2B, do not include in Line 3A.

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Subsidiary Investments: Submit a schedule of investments
and advances to all subsidiaries indicating the names and
percentage of voting stock owned in each. Subsidiaries must
be corporations and ownership must be over 50 percent to
qualify.
Allocation And Apportionment: A bank having assets both
within and without Missouri apportions its total assets based
on the amount of acounts receivable, inventory, land and
fixed assets allocated to Missouri. Extend the apportionment
percentage on Line 4 to four digits to the right of the decimal
point; such as .1234 percent or .0123 percent.

Mail to:	 Taxation Division	
	
P.O. Box 898	
	
Jefferson City, MO 65105-0898	
		

Inventories: Include as Missouri assets the amount of all
inventories owned by the corporation and used in Missouri.
The value of inventories should be determined by the
method used for income tax purposes.
Land And Fixed Assets: Include as Missouri assets all land
and fixed assets located in Missouri owned by the bank. The
value of land and fixed assets should be the original cost
less accumulated depreciation.
Bank Overdrafts: Overdrafts as shown on the balance sheet
constitutes a liability and are not deductible. Add negative
cash figures back to total assets.

Form INT-2-1 (Revised. 12-2015)

Phone: (573) 751-2326 			
TTY: (800) 735-2966
Visit http://dor.mo.gov/business/finance/
Fax: (573) 522-1721
for additional information.
E-mail: [email protected]