Business and Community Services
Business Location Services
Regional Profiles
Innovation and Business Development
Targeted Industries
Tax Information
Who to Call
Managing and Growing Your Business
Business & Industry Collaborations
Global Business Assistance
Find a Site, Building, or Community
Financial and Incentive Programs
-Tax Incentives
-Business Facility Tax Credit Program
-Chapter 353 Tax Abatement
-Enhanced Enterprise Zone
-Enterprise Zone Tax Benefit
-Film Production Tax Credit
-Loan Guarantee Fee Tax Credit Program
-Mutual Fund Tax Apportionment
-Quality Jobs Program
-Rebuilding Communites
-Sales Tax Exemption
-Small Business Incubator Tax Credit
-Wine and Grape Tax Credit
-Public Infrastructure Financing
-Venture Capital
-Workforce Incentives
-Finance Programs
News and Events
State Tax Information
DED Home  >  Business and Community Services Home  >  Business Solutions  >  Financial and Incentive Programs  >  Tax Incentives  >  Mutual Fund Tax Apportionment
Click Here To View Printable Version

Mutual Fund Tax Apportionment

To stimulate the mutual fund industry in the state by allowing those certified by DED to utilize a more favorable state income apportionment method for tax purposes. 

Sections 620.1350 to 620.1360 & 143.451, RSMo.  

Eligible Areas

Eligible Applicants
An entity which:

  • derives more than 50% of its gross income from management, distribution or administration services provided to or on behalf of an investment company; or
  • derives more than 50% of its gross income from trustees, sponsors and participants of employee benefit plans which have accounts in an investment company; or
  • provides management services as an investment advisory firm registered under Section 203 of the Investment Advisors Act of 1940.

Application Procedure

  • Applications will be accepted by DED at any time of the year and will be approved on an individual, case-by-case basis, based on the performance of the company related to all program criteria.
  • In addition to the application, an entity must submit the previous period’s tax form MO-1120 or MO-1120S, past period employment information, and current employment information for all Missouri employees.
  • To receive the income apportionment benefit, the approved certificate, issued by DED, shall be submitted to the Department of Revenue with the immediate year tax forms. 

Certification Criteria
In making the determination for certification, DED shall consider historical and present factors including, but not limited to:

  • Current and past industry employment growth and employment retention in the state;
  • Salary levels of new or existing industry employment in the state;
  • The income tax laws applied to investment funds service corporations in other states;
  • Industry growth nationally and within the state;
  • The prevailing conditions in the economy and financial markets;
  • The competitive environment within the industry;
  • The applicant’s past certification and use of this program; and
  • An applicant’s size, structure and method of operation.

Business and Community Services
Finance Management
301 West High Street, Room 770
P.O. Box 118
Jefferson City, MO 65102
Phone: 573-751-4539           Fax: 573-522-4322

To e-mail this web page link to this URL:

Business and Community Services
301 W. High Street, Rooms 720, 770  Jefferson City, Missouri 65102
Tel: 800-523-1434    Fax: 573-751-7384   Email:

Department of Revenue

US Department of Agriculture

US Small Business Administration

Tax Credit Issuance Fee Notice