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Missouri enacts legislation providing for sourcing of services and intangibles under optional single factor formula

On May 6, the state of Missouri enacted legislation expanding the optional single factor apportionment method for corporate income tax purposes to the sale of services and intangibles. The legislation addresses the issue of how to source the sales of services and intangibles for the optional single factor apportionment method. Under the legislation, market-based sourcing is used for sales other than sales of tangible personal property.

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