[R.O. 2011 §85.010]
The term "financial institution", as used herein,
shall mean a "banking institution" as defined by Section 148.020(1),
RSMo., or a "credit institution" as defined by Section 148.130(2),
RSMo.
[R.O. 2011 §85.020]
Because the State of Missouri imposes an annual tax upon all
banking institutions and credit institutions, yet allows a credit
against this State tax for municipal taxes, it is to the advantage
of this City to impose a municipal tax upon such financial institution
equal to the maximum credit.
[R.O. 2011 §85.030]
A.
There
is hereby imposed a tax upon each financial institution located within
this City equal to the maximum credit allowed by the State from its
taxes as imposed by Chapter 148, RSMo.
1.
The
computation of municipal tax upon any banking institution, the payment
thereof, the penalty for non-payment, and other terms shall be the
same as those of Sections 148.010 through 148.110, RSMo., except that
the municipal tax shall be paid to the City Collector rather than
to the Director of Revenue.
2.
The
computation of the municipal tax upon any credit institution, the
payment thereof, the penalty for non-payment, and other terms shall
be the same as those of Sections 148.120 through 148.230, RSMo., except
that the municipal tax shall be paid to the City Collector rather
than to the Director of Revenue.
