348.316. Report required from qualified funds, when, form, verified by affidavit, contents--duties of director of department of economic development--payment of taxes, due when.

MISSOURI STATUTES AND CODES

348.316. Report required from qualified funds, when, form, verified by affidavit, contents--duties of director of department of economic development--payment of taxes, due when.

Report required from qualified funds, when, form, verified byaffidavit, contents--duties of director of department of economicdevelopment--payment of taxes, due when.

348.316. 1. Each qualified fund, on or before the due dateof its federal income tax return, shall make a report for aperiod corresponding to the qualified fund's federal income taxyear. The report shall be made on a form required by thedepartment of economic development. It shall be verified by theaffidavit of the fund's president, or another authorized officer,to the department of economic development. It shall state theamount of all uninvested capital, whether distributions of equityor funds not invested in qualified investments, and it shallcontain other such information as may be required by the directorof the department of economic development.

2. Upon the receipt of such returns, the director of thedepartment of economic development shall verify the same andcertify the amount of tax due from the various funds to thedirector of revenue within sixty days from the date of thereturn. The director of revenue shall send each qualified fund anotice of tax due within thirty days of the date of certificationby the department of economic development. The qualified fundshall pay the tax as provided in the notice within thirty days ofthe date of such notice.