Business Information & Rankings
- Missouri ranked 11th on the State Business Tax Climate Index. (The Tax Foundation, 2005)
- The Show-Me State ranked 6th in Expansion Management magazine’s annual Health Care Cost Quotient of lowest cost, adequate coverage, and least risk to employers. (2005)
- Missouri’s tax administration ranked among the four most fair in the country (Council on State Taxation survey, 2004)
Cost of Living Index
|For St. Louis, MO (2005):||Index Score|
|Misc. Goods & Services:||97.3|
Missouri has the 34th lowest overall crime ranking in the U.S. (FBI, 2004)
Fees & Taxes
Business Inventory Tax
Business inventory is exempt.
Corporate Income Tax
Missouri’s corporate tax structure consists of a flat tax of 6.25% on all corporate income.
Personal Income Tax
Missouri’s personal income tax system features ten separate income brackets with a top rate of 6% starting at $9,000.
Personal Property Tax
Taxable. Missouri is one of the 38 states that collect property taxes at both the state and local levels. There is no tax assessed on intangible property.
State Sales and Use Tax
Base Rate: 4.225%
Machinery Rate: None
There is an exemption for machinery and equipment replacing other machinery and equipment because of design or product changes used directly for manufacturing or fabricating a product intended to be sold ultimately for final use or consumption. Machinery and equipment purchased to establish new or to expand existing manufacturing, mining or fabricating plants in the state, if such machinery is used directly in manufacturing, mining or fabricating a product intended to be sold ultimately for final use or consumption.
Missouri’s new employers’ rate is 3.51% for 1 year.