MO-BTC: Bank Tax Credit for S Corporation Shareholders (2025)
Missouri · Missouri DOR · Used for tax years 2025
Form MO-BTC calculates the Missouri Bank Tax Credit for shareholders of S corporations that are banks or bank holding companies, savings & loan associations, or credit institutions. It reports the corporation’s financial institution tax, the shareholder’s ownership percentage, an
Who files this form
Form MO-BTC is for shareholders claiming the Bank Tax Credit from S corporations that are banks or bank holding companies, savings & loan associations, or credit institutions.
The credit equals the shareholder’s pro rata share of the financial institution tax paid by the S corporation. Attach the completed form to your Missouri Income Tax Return.
What you'll need
Include these documents with your Missouri Income Tax Return:
- Completed Form MO-BTC.
- Form MO-TC.
- Copies of Federal Schedule K-1.
- A copy of the applicable Missouri Bank Franchise Tax Return, Savings & Loan Association Tax Return, or Credit Institutions Tax Return.
To complete MO-BTC, have the shareholder’s and corporation’s names, addresses, applicable identification numbers, reporting period, ownership percentage, and the tax amount from the applicable institution tax return.
How to file
- Fill in the reporting period and the shareholder and corporation information.
- On Line 1, enter the applicable tax amount: Form INT-2, Line 21 less Line 22; Form INT-3, Line 21; or Form 2823, Line 23.
- On Line 2, enter the ownership percentage.
- Multiply Line 1 by Line 2 to calculate the credit on Line 3. Enter that credit on Form MO-TC.
- Sign and date MO-BTC and print your name.
- Attach MO-BTC to your Missouri Income Tax Return. Also enclose Form MO-TC, copies of Federal Schedule K-1, and a copy of the applicable institution tax return.
The mailing address printed on MO-BTC is:
Taxation Division
P.O. Box 27
Jefferson City, MO 65105-0027
Common mistakes
- Applying the credit to the wrong spouse’s tax liability. On a joint Missouri Individual Income Tax Return, the credit applies only against the tax liability of the taxpayer listed as the S corporation shareholder.
- Leaving out required attachments. Attach MO-BTC to your Missouri Income Tax Return and include Form MO-TC, copies of Federal Schedule K-1, and a copy of the applicable institution tax return.
- Providing information the form says is not required. The form states that you are not required to provide information protected by Section 105.1500, RSMo, that identifies a person as a member, supporter, volunteer, or donor of a Section 501(c) tax-exempt entity.
Questions people ask
How is the Bank Tax Credit calculated?
Multiply the applicable financial institution tax amount on Line 1 by your ownership percentage on Line 2. Enter the result on Line 3 and on Form MO-TC.
What if my credit exceeds my Missouri income tax liability?
The remaining credit may be carried forward 5 years.
Can the credit apply to both spouses on a joint return?
The credit applies only against the tax liability of the taxpayer listed as a shareholder of the S corporation.
Do I need to include Federal Schedule K-1?
Yes. The form directs you to enclose copies of Federal Schedule K-1, along with Form MO-TC and a copy of the applicable institution tax return.
Where can I get more information?
Visit dor.mo.gov/tax-credits/btc.html, email taxcredit@dor.mo.gov, or call (573) 751-3220.