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Franchise Tax

Missouri's franchise tax is based on capital employed in a company.  The rate is 1/30 of 1%, or $0.33 per $1,000 of par value of outstanding shares and surplus or total assets.  Corporations with less than $1,000,000 outstanding shares and surplus are not taxed.  Multi-state corporations are subject to franchise tax only on that portion of total company shares and surplus which occurs in Missouri.  The tax is computed by applying the percentage of total property and assets which occurs in Missouri to total company shares and surplus.  For example, a company with $5,000,000 in outstanding shares and surplus, with 10% of its property and assets in Missouri, would have a franchise tax of $165.

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