Fillable Printable Form Int-2 - 2014 Bank Franchise Tax Return
Fillable Printable Form Int-2 - 2014 Bank Franchise Tax Return
Form Int-2 - 2014 Bank Franchise Tax Return
Form
INT-2
Missouri Department of Revenue
2014 Bank Franchise Tax Return
18. Tax at 7% of Line 17 (if apportionment required, see instructions) ............................................. 18
19A. Less Bank Franchise Tax from Schedule BF, Line 7A................................................................ 19A
19B. Less credits from Line 8 .............................................................................................................. 19B
20A. Less tentative payment or amount previously paid ..................................................................... 20A
20B. Overpayment of previous year’s tax ........................................................................................... 20B
20C. Miscellaneous credits (attach schedule and approved authorizations) ....................................... 20C
20D. Enterprise Zone Credit (attach certificate of eligibility) ................................................................ 20D
20E. Bank Franchise Tax Credit: Total available $ _____________
Amount transferred to corporate income tax $_____________ Amount claimed on this return 20E
21. Balance due or overpaid ............................................................................................................. 21
22A. Interest for delinquent payment after April 15, 2015 (see instructions) ....................................... 22A
22B. Additions to tax (see instructions) ............................................................................................... 22B
23. Subtotal (Lines 21, 22A, and 22B) .............................................................................................. 23
24. Plus Schedule BF (Line 7I) ......................................................................................................... 24
25. Total amount due or overpayment to be refunded (Line 23 plus Line 24) .................................. 25
Part 3 - Computation of Tax
Form INT-2 (Revised 12-2014)
2. Income from state or political subdivisions obligations not included in federal income
(see instructions if different from Federal Forms 1120 or 1120S) ............................................... 2
3. Income from federal government securities not included in federal income ............................... 3
4. Charitable contribution claimed on federal return (attach schedule) ........................................... 4
5. Bad debt claimed on federal return r Reserve method r Direct write-off method
r Other __________________________________ ................................................................. 5
6. Net bad debt recoveries .............................................................................................................. 6
7. Missouri Bank Franchise tax deducted on federal return ............................................................ 7
8. Taxes deducted on federal return, claimed as credits on this return
(must be detailed on Schedule A or attachment) ........................................................................ 8
9. Other additions (attach detailed schedule).................................................................................. 9
10. Total of Lines 1 through 9 ........................................................................................................... 10
Part 1 - Additions
1. Federal taxable income (loss) from Federal Forms 1120, Line 28 or 1120S, Line 21 ................ 1
During this taxable year, have you been notied of a change in your federal net income or federal income
taxes for any period? (If yes, submit schedule of changes)
......................................................................................... r Yes r No
A copy of the federal return and supporting schedules must be attached to this return.
2015 Taxable year based on the 2014 calendar year income period Due date April 15, 2015
Name North American Industry Classification System (NAICS)
Address
City State Zip Code
Federal Employer Identification Number (FEIN) County Name County Code
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11. Net bad debt charge offs ............................................................................................................. 11
12. Federal income tax deduction (see instructions)......................................................................... 12
13. Other deductions (attach detailed schedule)............................................................................... 13
14. Total of Lines 11, 12, and 13....................................................................................................... 14
15. Total income before charitable contribution deduction (Line 10 less Line 14) ............................ 15
16. Less charitable contribution deduction (limit is 5% of Line 15) .................................................. 16
17. Taxable income (Line 15 less Line 16) ....................................................................................... 17
Part 2 - Deductions
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Description (Do not list tangible personal property tax on leased property) Amount
Total (Enter on Lines 8 and 19B, Page 1)
Schedule A - Taxes Claimed As Credits
Make check or money order payable to “Missouri Department of Revenue”. Mail completed form and attachments to the address below.
If you pay by check, you authorize the Department of Revenue to process the check electronically. Any returned check may be presented
again electronically.
Signature of Officer (Required) Title of Officer Phone Number Date (MM/DD/YYYY)
(___ ___ ___)___ ___ ___-___ ___ ___ ___ __ __ /__ __ /__ __ __ __
Preparer’s Signature (Including Internal Preparer) Preparer’s FEIN, SSN, or PTIN Phone Number Date (MM/DD/YYYY)
(___ ___ ___)___ ___ ___-___ ___ ___ ___ __ __ /__ __ /__ __ __ __
I authorize the Director of Revenue or delegate to discuss my return and attachments with the preparer or any
member of his or her firm, or if internally prepared, any member of the internal staff
.............................................. r Yes r No
Under penalties of perjury, I declare that the above information and any attached supplement is true, complete, and correct.
Declaration of preparer (other than taxpayer) is based on all information of which he or she has any knowledge.
Authorization and Signature
Mail to: Taxation Division Phone: (573) 751-2326
P.O. Box 898 TTY: (800) 735-2966
Jefferson City, MO 65105-0898 Fax: (573) 522-1721
E-mail: [email protected]
Visit http://dor.mo.gov/business/finance
for additional information.
Form INT-2 (Revised 12-2014)
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Enter your three digit county code of the principal place of your institution
from the list provided at the end of these instructions.
Part 1
Line 1 Enter the amount of taxable income or loss from Federal Form
1120, Line 28, before any net operating loss deduction or special
deduction is applied, or Federal Form 1120S, Line 21.
Taxpayers that are members of an affiliated group filing a consolidated
federal income tax return shall compute federal taxable income as if
a separate federal tax return had been filed by each member of the
affiliated group. A pro forma federal return or appropriate schedules
should then be attached together with a copy of pages 1 through 4 of the
consolidated federal income tax return.
Line 2
Enter all income received on state or political subdivision obli-
gations excluded from the federal return. This income is taxable on this
return. Explain if different from tax-exempt interest shown on the federal
return.
Line 3
Enter all income received on federal securities excluded from
the federal return (e.g., non-taxable portion Federal Reserve Bank
dividends). This income is taxable on this return.
Line 4
Enter the charitable contribution claimed on the federal return.
Line 5 Enter the bad debt claimed on the federal return or any
additions to a bad debt reserve claimed as a de duc tion on federal return.
(The reserve method is not a permissible method on this return.) In
the appropriate box, indicate the bad debt method used on the federal
return.
Line 6
Enter the excess, if any, of recoveries of bad debts previously
charged off over current year charge offs. Attach schedule of bad debt
computation.
Line 7
Enter any Missouri Bank Franchise Tax deducted on the federal
return. This is not an allowable deduction on this return.
Note: Cash basis banks should add the Missouri Bank Franchise Tax
paid in the preceding calendar year. Accrual basis banks should add the
Missouri Bank Franchise Tax accrued during the previous calendar year.
Line 8
Enter here and on Line 19B any taxes claimed as credits on
this return. All taxes paid to the State of Missouri or any political subdivi-
sion thereof are eligible except taxes on real estate, unemployment taxes,
bank tax, and taxes on tangible personal property owned by the taxpayer
and held for lease or rental to others. Show detail on Page 2, Schedule
A. All state and local sales and use taxes paid by banks as purchasers to
sellers, vendors, or the State of Missouri on purchases of tangible personal
property and services enumerated in Chapter 144, RSMo, may be
claimed as a credit. Capitalized sales and use taxes paid by banks as
purchasers are creditable. Documentation to support the capitalized
sales and use tax credit must be available upon request.
Certain criteria must be met in order for a tax credit to be allowable
pursuant to
Regulation 12 CSR 10-10.150, Tax Credits on Bank Tax
Return, as follows:
(1) The following criteria shall be used to establish whether or not a
tax credit may be claimed against the Bank Franchise Tax,
imposed by Sections 148.010 to 148.110, RSMo, computed
pursuant to Section 148.030.3, RSMo:
(A) The payment must have been made to the state of Missouri or
a political subdivision located in the state of Missouri.
(B) Payment must have resulted from a tax liability imposed by
a government agency, as defined in subsection (1)(A), and
cannot be a regulatory fee collected solely for the purpose of
paying the cost of administering the taxing jurisdiction’s laws.
(C) The following should be used as a general guideline to
de termine if an exaction, required by subsection (1)(A), is an
allowable tax credit or a non-creditable fee:
1. If the proceeds, paid as defined in subsection (1)(A), are
collected for deposit into the general revenue account of the
taxing jurisdiction, to raise revenue for said entity, then it is a
tax and is an allowable tax credit.
2. If the proceeds, paid as defined in subsection (1)(A), are
collected primarily to cover the costs of the regulation of an
activity, and which are then deposited with the regulatory
agency, then it is a non-cre dit able fee.
(2) At all times the burden of establishing whether an exaction is an
allowable tax credit or a non-creditable fee shall be on the taxpayer.
An accrual basis taxpayer that is a member of an affiliated group filing
a consolidated Missouri income tax return shall allocate a portion of the
consolidated Missouri income tax liability for the year by multiplying such
liability by a fraction, the numerator of which is the separate Missouri
taxable income of such member, and the denominator of which is the
sum of the separate Missouri taxable incomes of all members having
Missouri taxable income for the applicable year.
A cash basis taxpayer that is a member of an affiliated group filing a
consolidated Missouri income tax return shall allocate each component
of the consolidated Missouri income tax paid (or refunded) during the
year by multiplying each component by a fraction, the numerator of
which is the separate Missouri taxable income of such member for the
The 2014 Bank Franchise Tax Return (Form INT-2) form must be
completed and filed by April 15, 2015. An extension of time to file this
return can be requested through the Application for Extension of Time to
File (Form 7004). An extension of time to file the return does not extend the
time for payment of the tax. An extension of time may not exceed 180 days
from the due date (April 15) pursuant to Regulation 12 CSR 10-10.110.
Note: Any payment submitted after the due date of April 15 is subject to
interest at the rate determined by Section 32.065, RSMo which can be
obtained from the Department’s website at http://dor.mo.gov/intrates.php.
If any return is not filed by the due date, a penalty of 5% per month, not
to exceed 25%, is calculated on the amount due.
This return must be filed by every bank and every trust company organized
under any general or special law of this state and every national banking
association located in this state and any branch or office physically located
in this state of any commercial bank or trust company.
The Financial Institution Tax Schedule B (Form 2331) must be
completed and submitted with each Form INT-2. For proper completion,
please refer to Regulation 12 CSR 10-10.020. If any bank operates
more than one office or branch in Missouri, the bank shall file one return
giving the address of each office or branch with the total dollar amounts
of accounts or deposits of each office on Form 2331.
All returns are filed based upon a calendar year business activity basis.
Section 148.010 – 148.112, RSMo
This information is for guidance only and does not state the complete law.
Missouri Department of Revenue
General Instructions - 2014 Bank Franchise Tax Return
Instructions
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applicable year, and the denominator of which is the sum of the separate
Missouri taxable incomes of all members having Missouri income for the
applicable year.
In the computation of separate Missouri taxable income, each member of
a group filing a consolidated Missouri income tax return shall start with its
separate federal taxable income as computed pursuant to the method
applicable to the group under Treasury Regulation 1.1552-1. The
amount of the federal income tax deduction of each member under
Section 143.171.1, RSMo, shall be that portion of the actual federal
consolidated income tax liability of the group as is required to be
allocated to such member under Internal Revenue Code Section 1552
without regard to any additional allocations under Treasury Regulation
1.1502-33(d).
The following are not allowable credits:
• Sales tax paid to check printer(s) on checks the bank sold to its
customers
• Annual registration fee as this is not a tax
Attach schedule of taxes deducted on Line 17, federal Form 1120 or
federal Form 1120S, Line 12, for verification purposes.
Line 9
Enter deductions claimed on the federal return which are not
allowable on this return and income not included on the federal return
which is required to be included on this return. (Attach schedule.) The
environmental tax under Section 59A of the Internal Revenue Code must
be added back to income. Any gain from the complete liquidation of
another corporation that is not recognized because of Section 332 of the
Internal Revenue Code must be added to income.
Line 10
Enter the total of Lines 1 through 9.
Part 2
Line 11 Enter the excess, if any, of bad debt charge offs over current
year recoveries. Attach schedule of bad debt computation.
Line 12
Enter the relevant income period deduction for federal income
taxes. The relevant income period deduction is the amount actually
accrued (if an accrual basis taxpayer) or paid (if a cash basis taxpayer)
during the income period.
A taxpayer that is a member of an affiliated group of corporations
which filed a consolidated federal income tax return shall determine its
deduction for, or its gross income in respect of federal income taxes paid
or accrued during the income period to the United States as if it and all
other members of the affiliated group of which it was a member had filed
separate federal income tax returns for all relevant income periods.
Line 13
Enter the total amount of any deduction claimed on this return
and not included on the federal return. These deductions must be
itemized on a schedule attached to this return.
Banks that are required to recapture bad debt reserve to income
pursuant to 26 USC § 585 should include the dollar amount recaptured
to income on Line 13.
Line 14
Enter the total of Lines 11 through 13.
Line 15 Subtract Line 14 from Line 10 and enter amount. If “loss”,
indicate by brackets “( )” and enter “none” on Line 18.
Line 16
Enter the charitable contribution deduction claimed on this
return. The contribution deduction is limited to 5% of taxable income
before the contribution deduction. Contribution carryover from prior
year’s allow ance on federal return is not allowable on this return. Attach
charitable contribution schedule for verification purposes.
Line 17
Subtract Line 16 from Line 15 and enter amount.
Part 3
Line 18 Multiply the taxable income amount on Line 17 by 7% and
enter amount. If Line 10 includes income from business activity both
within and without the State of Missouri from offices or branches located
in such state, the taxpayer may be eligible to apportion the tax. These
taxpayers shall complete Apportionment Schedule Bank Franchise Tax
(Form 4347) and attach to this return.
Line 19A Enter the Bank Franchise Tax from Line 7A Schedule BF.
Line 19B Enter the amount from Line 8.
Line 20A Enter the amount of tentative payment (if applicable).
Line 20B Enter overpayment of previous year’s tax.
Line 20C
Enter the amount of tax credits claimed from the list on
the following page.
Attach a schedule listing the amounts for each tax credit and a copy of the
approved authorization to the return. See Section 148.064.1, RSMo, for
ordering of tax credits. Tax credits can only be used once.
Line 20D Enter the approved Enterprise Zone Credit claimed. To
be eligible for this credit, you must use the percentages from the
second paragraph of the Department of Economic Development (DED)
certification letter and attach a copy to the INT-2.
Compute the allowable Enterprise Zone Credit using the greater of the
following methods. The same method must be used for both taxes.
1. Seven percent (7%) calculation for Line 20D:
• Line 17 (taxable income) X DED percentage of income X 7%
or
• Line 18 (tax) less Lines 19A and 19B X DED percentage of tax
2. Schedule BF calculation for Line 7B:
• Line 6A or 6B (assets) X DED percentage of income X .00013
or
• Line 7A (tax liability) X DED percentage of tax
Line 20E The Bank Franchise Tax Credit is equal to 1/60th of one
percent (.000167) of the amount entered on Line 6A or 6B of Schedule
BF, if Line 6A or 6B exceeds one million dollars. Compute the total
available Bank Franchise Tax Credit and enter in the space provided.
Enter the amount claimed on this return on Line 20E. Any unused credit
may be applied to the corporate income tax liability. Enter the amount to
be transferred to corporate income tax in the space provided.
Line 21 Subtract Lines 19A and 19B from Line 18. Amount shall not be
less than zero. Subtract Lines 20A through 20E from result above and
enter amount.
Line 22A
Calculate interest for period which tax payment is delinquent.
Interest is calculated from the due date of April 15 through the date of
payment at the annual interest rate which can be obtained from the
Department’s website at: http://dor.mo.gov/intrates.php.
Line 22B
Compute additions to tax, if applicable, and enter on Line 22B.
1. For failure to pay by the due date — multiply Line 21 by 5%; or
2. For failure to file your return by the due date — multiply Line 21
by 5% for each month late, not to exceed 25%.
Line 23 Enter the total of Lines 21, 22A, and 22B.
Line 24 Enter the amount shown on Line 7I Schedule BF.
Line 25 Enter the total of Lines 23 and 24. If a balance due, submit this amount.
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Taxation Division Phone: (573) 751-2326
P.O. Box 898 Fax: (573) 522-1721
Jefferson City, MO 65105-0898 TTY: (800) 735-2966
E-mail: [email protected]
Visit http://dor.mo.gov/business/finance/
for additional information.
Affordable Housing Assistance
Agricultural Products Utilization
Alternative Fuel Infrastructure
Bond Enhancement
Brownfield “Jobs and Investment”
Business Use Incentives for
Large-scale Development (BUILD)
Community Bank Investment
Demolition
Development
Development Reserve
Developmental Disability Care Provider
Distressed Areas Land Assemblage
Export Finance
Family Development Account
Family Farms Act
Film Production
Historic Preservation
Infrastructure Development
Innovation Campus
Maternity Home
Missouri Low Income Housing
Missouri Quality Jobs
Missouri Works
Neighborhood Assistance
New Enhanced Enterprise Zone
New Enterprise Creation
New Generation Cooperative
New Market
Pregnancy Resource
Rebuilding Communities
Rebuilding Communities and
Neighborhood Preservation Act
Remediation
Residential Treatment Agency
Shelter for Victims of Domestic
Violence
Small Business Incubator
Small Business Investment
Special Needs Adoption
Sporting Contribution
Sporting Event
Transportation Development
Youth Opportunities
Available Tax Credits
Code County Code County Code County Code County Code County
001 Adair 047 Clay 093 Iron 139 Montgomery 185 St Clair
003 Andrew 049 Clinton 095 Jackson 141 Morgan 187 St Francois
005 Atchison 051 Cole 097 Jasper 143 New Madrid 189 St Louis County
007 Audrain 053 Cooper 099 Jefferson 145 Newton 193 Ste Genevieve
009 Barry 055 Crawford 101 Johnson 147 Nodaway 195 Saline
011 Barton 057 Dade 103 Knox 149 Oregon 197 Schuyler
013 Bates 059 Dallas 105 Laclede 151 Osage 199 Scotland
015 Benton 061 Daviess 107 Lafayette 153 Ozark 201 Scott
017 Bollinger 063 Dekalb 109 Lawrence 155 Pemiscot 203 Shannon
019 Boone 065 Dent 111 Lewis 157 Perry 205 Shelby
021 Buchanan 067 Douglas 113 Lincoln 159 Pettis 207 Stoddard
023 Butler 069 Dunklin 115 Linn 161 Phelps 209 Stone
025 Caldwell 071 Franklin 117 Livingston 163 Pike 211 Sullivan
027 Callaway 073 Gasconade 119 Mcdonald 165 Platte 213 Taney
029 Camden 075 Gentry 121 Macon 167 Polk 215 Texas
031 Cape Girardeau 077 Greene 123 Madison 169 Pulaski 217 Vernon
033 Carroll 079 Grundy 125 Maries 171 Putnam 219 Warren
035 Carter 081 Harrison 127 Marion 173 Ralls 221 Washington
037 Cass 083 Henry 129 Mercer 175 Randolph 223 Wayne
039 Cedar 085 Hickory 131 Miller 177 Ray 225 Webster
041 Chariton 087 Holt 133 Mississippi 179 Reynolds 227 Worth
043 Christian 089 Howard 135 Moniteau 181 Ripley 229 Wright
045 Clark 091 Howell 137 Monroe 183 St Charles 510 St Louis City
County Codes
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