Business Incentive Programs

Missouri is committed to supporting business by leveraging its extensive suite of recruitment and training resources.  With Missouri’s training programs, the state will identify, screen, and evaluate the right talent to meet your business needs. Missouri’s training programs will provide pre-employment training so your new hires will be ready when your business opens its doors. Missouri’s training programs goes one step further, by skilling-up your existing workforce as new products or technology occurs. Missouri’s training programs can provide resources and solutions that best fit your business. Learn more.

The BUILD program provides financial incentives for the location or expansion of large business projects in Missouri. The incentives are designed to reduce necessary infrastructure and equipment expenses. Learn more

Data centers may be eligible to receive exemptions from state and local sales taxes associated with a variety of activities necessary to build a new facility or expand an existing facility in Missouri. These sales tax exemptions could include utilities, machinery, equipment, computers and construction equipment and could last for up to 15 years for new facilities and up to 10 years for expanding facilities. Learn more

This benefit provides state sales tax exemptions to qualifying manufacturing companies. These exemptions are possible on items such as machinery, energy, water, materials and more. Learn more

Missouri Chapter 100 industrial revenue bonds allow local governments to offer personal property and/or real property tax abatement to eligible companies looking to expand in or relocate to Missouri. The amount of the abatement and the length of the term is subject to local review and varies by community.

Under Chapter 100, construction materials and certain tangible personal property may be purchased sales tax exempt by the City/County and then leased back to the Company. While the lease of personal property is still subject to sales tax, the State of Missouri has the ability to exempt that sales tax through Missouri’s Chapter 100 Sales Tax Exemption, Personal Property program. The lease of real property is not subject to sales tax. Learn more.

The Chapter 353 abatement is an incentive that can be utilized by cities to encourage the redevelopment of blighted areas by providing real property tax abatements. Learn more

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, giving us one of the lowest rates 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.

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The Tax Cuts and Jobs Act (TCJA) of 2017 created Opportunity Zones to spur investment in distressed communities throughout the country by granting investors preferential tax treatment. Such investments must be made through Opportunity Funds, which are specially created investment vehicles invested in Opportunity Zones.

The preferential tax treatment offered under the Opportunity Zone program is threefold: (1) Investors can defer tax on capital gains invested into Opportunity Zones until no later than December 31, 2026; (2) Investors that hold the Opportunity Fund investment for five or seven years can receive a 10% or 15% reduction on their deferred capital gains tax bill; and (3) Investors that hold the Opportunity Fund investment for at least 10 years can receive the added benefit of paying no tax on any realized appreciation in the Opportunity Fund investment.

The state of Missouri submitted 161 Opportunity Zones to the federal government for inclusion in the program.

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