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MO419-1524(12-95)

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(C).

FOR EXAMPLE, if your company RENTS a building and equipment

CLOSED FACILITY. If this facility was ACQUIRED FROM ANOTHER

for $1,000 per month, and OWNS other equipment that ORIGINALLY

TAXPAYER, enter YOUR ACQUISITION COST OF THE REAL AND

COST YOU $30,000, you would enter the MONTHLY rental rate TIMES

TANGIBLE DEPRECIABLE PERSONAL PROPERTY-NOT INVEN-

8 TIMES 12, $96,000, PLUS $30,000, for a total of $126,000 EACH

TORY-INCLUDING 8 TIMES 12 TIMES YOUR MONTHLY RENTAL

MONTH that rental rate and that equipment is still IN USE. IF THE

RATE.

RENTAL RATE CHANGES DURING THE YEAR, enter 8 times 12 times

Add Lines (1) through (12), Column (D) for each FULL CALENDAR

the monthly rate for each month the first rate was paid, then switch

MONTH OF OPERATION (usually 12 months), and enter the sum on

to 8 times 12 times the monthly rate for each month the new monthly

Line (13), Column (D). Divide Line (13), Column (D), by the number

rate was paid.

of FULL CALENDAR MONTHS THE FACILITY WAS IN OPERATION

If your company RENTS this same building for 4 months, and then

during this tax period, and enter the average rounded to the nearest

buys the building for $120,000, you would enter 8 times 12 times the

dollar on Line (14), Column (D).

monthly rent for 4 months ($96,000); then switch to the original cost

Subtract Line (14), Column (D) from Line (14), Column (C) and enter

($120,000) for the remaining months the building was owned.

the difference rounded to the nearest dollar on Line (15), Column

NOTE: A value MUST be assigned to every item of real or personal

property IN USE. For example, if the building is bought or rented

TRANSFERRED PROPERTY

at a reduced value (the city rents it to you for $1.00 per month), you

Enter the TOTAL AMOUNT OF INVESTMENT USED by the taxpayer

MUST assign a rent value or original cost that reflects the fair market

at OTHER FACILITIES IN MISSOURI which was transferred to this

value of that building at that location in that tax period.

facility. THIS NUMBER MUST BE ENTERED EACH YEAR THE

ALWAYS MULTIPLY MONTHLY RENT TIMES 12 TIMES 8 regardless

TRANSFERRED INVESTMENT IS STILL IN USE AT THIS FACILITY.

of the number of months that rental amount was paid, e.g. if you

DO NOT ENTER INVESTMENT TRANSFERRED FROM ANOTHER

pay $1,000 per month for only 4 months, enter 8 x 12 x $1,000, or

MISSOURI FACILITY ON WHICH CREDIT IS CURRENTLY BEING

$96,000, each of those 4 months.

EARNED. DO NOT ENTER TRANSFERRED INVESTMENT THAT IS

LIST ONLY PROPERTY IN USE AT THIS FACILITY.

ALREADY LISTED IN COLUMN (D), Lines (1) through (12).

Add the lines in Column (C) for each FULL CALENDAR MONTH

NEW BUSINESS FACILITY INVESTMENT

AFTER THE DATE (month, day, year) WHEN COMMENCEMENT OF

Subtract Line (18), Column (D) from Line (15), Column (D) and enter

COMMERCIAL OPERATIONS OCCURRED at this new or expanded

the difference rounded to the nearest dollar on Line (20), Column

portion of this existing facility (see Form 135, Line (13) for

(D). THIS NUMBER MUST MEET THE INITIAL INVESTMENT

commencement date), and enter the sum on Line (13), Column (C).

REQUIREMENTS TO EARN CREDITS EACH YEAR (see pages 2-3

Divide Line (13), Column (C), by the NUMBER OF FULL CALENDAR

for requirements).

MONTHS THIS NEW OR EXPANDED PORTION OF THIS EXISTING

SIGNATURE

FACILITY WAS IN OPERATION and enter the average rounded to

An unsigned application, form or schedule is invalid. The taxpayer

the nearest dollar on Line (14), Column (C).

claiming these tax benefits OR HIS DESIGNEE, AND THE TAX

COLUMN (D): BASE TAX YEAR (see also Schedule S-2 Instructions)

PREPARER, must sign and date all applicable documents, subject to

the penalties of perjury.

Enter the month, day and year for the ENTIRE TAX PERIOD ending

IMMEDIATELY PRIOR to the tax period when commencement of

SCHEDULE S-l INSTRUCTIONS

commercial operations occurred at this new or expanded portion of

NEW/EXPANDED BUSINESS FACILITY AND ENTERPRISE ZONE

this existing facility, in the space provided under Column (D).

INVESTMENT WORKSHEET: SCHEDULE S,

IMPORTANT NOTE: COLUMN (D), LINES (1) THROUGH (14), WILL

COLUMN C: CURRENT TAX YEAR

NOT CHANGE DURING THE ENTIRE PERIODTHESETAXBENEFITS

MAY BE CLAIMED.

NOTE: THE DEPARTMENT OF ECONOMIC DEVELOPMENT MAY

Enter the TOTAL amount of LEASED AND OWNED investment IN

REQUIRE THIS SCHEDULE TO BE FILED BY TAXPAYERS CLAIMING

USE at this WHOLE FACILITY on the last work day of EACH calendar

EITHER THE NEW/EXPANDED BUSINESS FACILITY OR THE

month during THE BASE TAX PERIOD (see above paragraph), on

ENTERPRISE ZONE TAX BENEFITS ANY YEAR THE BENEFITS ARE

the lines under Column (D) that correspond to the same months

CLAIMED.

entered under Column (X).

THE TAXPAYER AND PREPARER WILL BE NOTIFIED IF THIS FORM

Include the ORIGINAL COST of OWNED REAL and PERSONAL

MUST BE COMPLETED.

property, e.g. land, building, machinery, equipment, furniture, fixtures

and other depreciable tangible personal property, BUT NOT

READ INSTRUCTIONS CAREFULLY BEFORE COMPLETING THIS FORM.

INVENTORIES, IN USE at this WHOLE facility.

Chronologically (by month, day and year), list all real and tangible

Determine the value of LEASED REAL and PERSONAL properties by

depreciable personal property (NOT INVENTORY) IN USE at this facility

multiplying the net ANNUAL (12 MONTHS) rental/lease rate times

during the CURRENT tax period (Column C, Schedule S).

eight. Net annual rental or lease rate means the annual (12 MONTHS)

TAX PERIOD

rental/lease rate paid by the taxpayer, less any rental/lease fees

Enter the CURRENT TAX PERIOD date(s) (tax year for which you are

received by the taxpayer from subrentals.

claiming credits).

NOTE: A value MUST be assigned to every item of real or personal

COLUMN (E)

property IN USE, for example, if the building is bought or rented at

List in chronological order the date (month/day/year) each item that was

a reduced value (the city rents it to you for $1.00 per month), you

originally purchased OR leased WAS FIRST USED AT THIS FACILITY.

MUST assign a rent value or original cost that reflects the fair market

value of that building at that location in that tax period.

COLUMN (F)

List the purchased or leased property by name, e.g. 1992 Chevrolet

ALWAYS MULTIPLY MONTHLY RENT TIMES 12 TIMES 8 regardless

Van, office desk, etc.

of the number of months that rental amount was paid, e.g. if you

pay $1,000 per month for only 4 months, enter 8 x 12 x $1,000, or

Include ALL REAL & TANGIBLE PERSONAL PROPERTY (EXCEPT

$96,000, each of those 4 months.

INVENTORY) IN USE the last work day of each month as listed in

Column C, Schedule S.

LIST ONLY PROPERTY IN USE AT THIS FACILITY.

NOTE: NEW facilities enter ZERO. If this facility REPLACED

COLUMN (G)

ANOTHER MISSOURI FACILITY, enter the investment USED at the

Enter the MONTHLY rental rate of each LEASED item.

Form 135 Instructions - New/expanded Business Facility And Enterprise Zone: I Application For Initially Claiming Tax Benefits Page 5

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