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(not the individual or shareholder). For example, the business which

COLUMN (H)

includes this facility, may also include other Missouri facilities or

Enter YOUR original cost AND/OR the MONTHLY RENTAL RATE

TIMES 12 TIMES 8 of each item of property listed. Total these amounts.

businesses if ALL these FACILITIES OR BUSINESSES ARE PART OF

A SINGLE ENTITY FOR TAX PURPOSES and FILE A SINGLE

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

MISSOURI TAX RETURN: If several facilities or businesses report

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

income on a single tax return, Items 1, 2, and 5 of this Schedule must

at a reduced value (the city rents it to you for $1 .OO per month), you

include all these same facilities or businesses.

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

TAX PERIOD

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

Enter the tax period for which these tax benefits are being claimed.

A separate Schedule M must be filed for each tax period. DO NOT

SCHEDULE S-2 INSTRUCTIONS

FILE BEFORE THE END OF THE TAX PERIOD. The tax credits are

NEW/EXPANDED BUSINESS FACILITY AND ENTERPRISE ZONE

claimed for the year they are earned.

INVESTMENT WORKSHEET: SCHEDULE S,

COLUMN D: BASE TAX YEAR

NAME

Enter the name of the new or expanded facility.

NOTE: THE DEPARTMENT OF ECONOMIC DEVELOPMENT MAY

IDENTIFICATION NUMBERS

REQUIRE THIS SCHEDULE TO BE FILED BY TAXPAYERS CLAIMING

Enter the FACILITY’ S Federal Employer Identification (FEIN) number,

EITHER THE NEW/EXPANDED BUSINESS FACILITY OR THE

the TAXPAYER’ S FEIN number ONLY IF DIFFERENT, and the

ENTERPRISE ZONE TAX BENEFITS ANY YEAR THE BENEFITS ARE

FACILITY’ S Missouri Tax Identification Number.

CLAIMED.

TOTAL INCOME

THE TAXPAYER AND PREPARER WILL BE NOTIFIED IF THIS FORM

(Item 1) - IF KNOWN, on Line (1) under “ 143,” enter the total AMOUNT

MUST BE COMPLETED.

OF MISSOURI TAXABLE INCOME (or loss), FOR THIS ENTIRE TAX

PERIOD (when these tax benefits are being claimed), by those

READ INSTRUCTIONS CAREFULLY BEFORE COMPLETING THIS

FACILITIES OR BUSINESSES IN MISSOURI THAT make up this

FORM.

business and FILE A SINGLE MISSOURI TAX RETURN. DO NOT USE

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

FEDERAL TAXABLE INCOME: s-corporations and partnerships filing

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

a MO 112OS, enter ordinary income minus Section 179 from the IRS

during the BASE tax period (Column D, Schedule S).

K-l Schedule. Sole proprietors filing a MO 112OS, enter net income

after expenses from the IRS Schedule C. Corporations filing a MO 1120,

TAX PERIOD

enter Missouri taxable income, Missouri sources.

Enter the BASE TAX PERIOD date(s) (tax year prior to qualifying year).

Taxpayers subject to financial institution tax also must enter net income, direct

COLUMN (I)

premiums, or dividends, whichever is applicable, on Line (1) under “ 148.”

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

was originally purchased OR leased WAS FIRST USED AT THIS

NOTE: THIS INCOME WILL BE CERTIFIED TO THE DEPARTMENT

FACILITY.

OF REVENUE. DO NOT ESTIMATE-ENTER “ UNKNOWN.”

COLUMN (J)

BUSINESS COMPENSATION (in Missouri)

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

(Item 2) - On Line (2), enter the total amount of compensation paid

Van, office desk, etc.

to ALL EMPLOYEES of this MISSOURI BUSINESS during THIS ENTIRE

TAX PERIOD. “ Compensation” means wages, salaries, commissions and

Include ALL REAL & TANGIBLE PERSONAL PROPERTY (EXCEPT

any other form of remuneration paid to employees for personal services.

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

Column D, Schedule S.

The taxpayer must enter the amount of compensation paid to ALL

EMPLOYEES of the facilities or businesses in Missouri that make up

COLUMN (K)

this BUSINESS and for which taxable income (or loss), was reported

Enter the MONTHLY rental rate of each LEASED item.

on Line (1).

COLUMN (L)

Enter YOUR original cost AND/OR the MONTHLY RENTAL RATE

BUSINESS COMPENSATION (in this Enterprise Zone)

TIMES 12 TIMES 8 of each item of property listed. Total these amounts.

(Item 3) - On Line (3), enter the total amount of compensation paid

to ALL EMPLOYEES of this MISSOURI BUSINESS within the enterprise

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

zone where this facility is located, during THIS TAX PERIOD if applicable.

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

“ Compensation” means wages, salaries, commissions and any other

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

form of remuneration paid to employees for personal services.

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

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

Include compensation paid to ALL EMPLOYEES of the facilities or

businesses within the enterprise zone that make up this BUSINESS.

SCHEDULE M INSTRUCTIONS

If the BUSINESS has only one facility within the enterprise zone, the

NEW/EXPANDED BUSINESS FACILITY AND ENTERPRISE ZONE:

amount of compensation entered on Line (3) will be the same as Line

APPORTIONMENT OF MISSOURI TAXABLE BUSINESS INCOME

(4).

(SEE ALSO PAGES 2 OR 4)

FACILITY COMPENSATION (at this facility)

(Item 4) - On Line (4), enter the total amount of compensation paid

NOTE: THIS SCHEDULE MUST BE ATTACHED TO ALL APPLICA-

to ALL EMPLOYEES of this MISSOURI FACILITY during THIS TAX

TIONS FILED (Form 135 and/or Form 135A)-IT MUST BE COM-

PERIOD. “ Compensation” means wages, salaries, commissions and any

PLETED BY TAXPAYERS CLAIMING EITHER THE NEW/EXPANDED

other form of remuneration paid to employees for personal services.

BUSINESS FACILITY OR THE ENTERPRISE ZONE TAX BENEFITS

EACH YEAR THE BENEFITS ARE CLAIMED.

Include ONLY THIS FACILITY’ S COMPENSATION.

READ INSTRUCTIONS CAREFULLY BEFORE COMPLETING THIS

BUSINESS PROPERTY (in Missouri)

FORM AND ANSWER ALL QUESTIONS, OR THE CERTIFICATION

(Item 5) - On Line (!!I), enter the AVERAGE TOTAL VALUE of all real

WILL BE DELAYED.

and depreciable tangible personal property IN USE DURING THIS

ENTIRE TAX PERIOD at the facilities or businesses in Missouri that

BUSINESS, DEFINED - For the purpose of these credits, the term

make up this BUSINESS, and for which taxable income (or loss) was

“ business” means “ taxpayer” - the corporation, s-corporation,

individual proprietorship, partnership, etc. for state income tax purposes

reported on Line (1).

MO 419.1524(12-95)

Form 135 Instructions - New/expanded Business Facility And Enterprise Zone: I Application For Initially Claiming Tax Benefits Page 6

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