Medicine Shoppe International, Inc. v. Director of Revenue

MICHAEL A. WOLFF, Judge.

Medicine Shoppe International, Inc., headquartered in St. Louis, franchises retail pharmacies throughout the United States and offers its franchisees a variety of services including marketing, advertising, operational accounting and analysis of plans. Medicine Shoppe also offers loans to its franchisees to help them start or expand their businesses.

The issue in this appeal is whether the income from interest and origination fees on such loans to out-of-state franchisees is income partly derived from activities in this state and, thus, is Missouri source income subject…