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. And, in 2020, Missouri’s corporate income tax rate will drop to 4 percent, making us one of the best states in the U.S.
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 13.6% lower than the U.S. average, at 9.32 cents/kWh (EIA, 2017).
This rebar micro-mill project is consistent with our long-term strategy for profitable growth and builds on our position as the low-cost producer. Strategically positioning this micro-mill in Sedalia will give us a sustained cost advantage over other domestic steel producers supplying rebar from outside the region.— John Ferriola / Nucor
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