Missouri provides you with a solid business foundation, financial and otherwise. In Missouri, taxes and business costs don’t eat up all of your company’s profits.
An important tax advantage for Missouri businesses is the amount of income considered taxable as only income earned in Missouri is taxed. Two allocation options are offered for calculating this income: (1) the three-factor formula, based on sales, property and payroll or (2) the single-factor formula, based only on sales. In 2016, Missouri led the nation as the only state that allowed companies to annually select the income allocation formula that resulted in the lesser corporate income tax liability. Today, Missouri is one of only two states to offer this strategic advantage for manufacturing and service companies.
In short, Missouri will not penalize you for locating within our borders as happens in other states.
In addition, it is important to note that Missouri has not adopted worldwide or nationwide unitary tax assessment in computing multinational corporate income tax liability.
Benefits like our low business and labor costs, reliable and inexpensive energy, aggressive and performance-based incentives and a statewide commitment to attracting companies and investment, make Missouri a place where your company can come to grow and thrive. Let’s talk and find out how we can assist you in improving your profitability and lowering your business costs.
Corporate income tax: 6.25%—50% of federal income tax payments may be deducted before computing taxable income, leading to an effective rate of 5.2%
Commercial electricity costs are nearly 13% lower than the U.S. average, at 9.07 cents/kWh (EIA, 2016).
There are cost advantages to working out of Missouri. Corporate taxes, fuel taxes and property taxes are very low in the state. Utility costs among the lowest in the country.— Hugh Gilmore / Integrated Wind Energy
For manufacturing, overall costs of labor, utilities, cost of land and buildings and the skilled labor pool, Missouri is one of the best values in the country.— Patrick Leinert / Leinco Technologies
The work ethic here is really good. People come in and work hard. They’re used to working hard before we hire them.— Jack Prim / Jack Henry & Associates
I've lived in a lot of places, and there is a difference here in how people conduct themselves. There is a strong work ethic and friendliness that I haven't found elsewhere.— Dr. Susanne Cohen / Triumph Pharmaceuticals