Missouri has the seventh most favorable corporate tax structure in the nation

Gov. Jay Nixon today issued the following statement on the release of the Tax Foundation’s 2014 State Business Tax Climate Index, which found that Missouri has the 7th most favorable corporate tax structure in the nation.  The Tax Foundation ranked Missouri’s overall business tax climate as 16th in the nation, better than all but one of Missouri’s eight neighboring states.

“This independent report reaffirms Missouri’s status as a low-tax state with a stable and competitive climate for businesses to grow and invest,” Gov. Nixon said. “As Governor, I have worked to enhance our nationally-recognized business climate by cutting taxes in targeted, fiscally responsible ways and by making strategic investments in education and workforce training.  Today, it is clear that these proven, fiscally responsible strategies are paying off for Missouri families and businesses.  I look forward to continuing to work with legislators on common sense policies that will keep Missouri’s economy moving forward.”

[Office of Missouri Governor Jay Nixon]