To stimulate the mutual fund industry in Missouri, this program helps certify investment advisory firms or those providing services on behalf of an investment company, allowing them to utilize a more favorable state income apportionment method for tax purposes.
Applications are accepted year round.
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.