Every business is unique, and Missouri Partnership understands that your company has specific needs for achieving success. By collaborating closely with your team, we help identify the right mix of Missouri tax incentives tailored to fuel your growth.
Whether your goal is to expand your workforce, enter a new market, or explore Missouri sales tax credits and other workforce training incentives, we’re committed to supporting your journey.
Looking for something specific or not sure what incentive could be the best fit for you? Get in touch with our team.
Missouri Works is an economic development program designed to support companies locating and/or growing their business in Missouri.
The program offers a mix of automatic and discretionary benefits in the form of 100% retention of state withholding tax and/or refundable, transferable, sellable tax credits for qualified companies that choose Missouri as a place to invest and create jobs.
As Missouri’s leading workforce development program, Missouri One Start supports companies with custom recruitment and training solutions.
Eligible businesses benefit from tailored training options, delivered at company facilities or training centers, and may qualify for relocation reimbursements for full-time employees relocating to Missouri for a new job.
Large-scale projects that meet specific investment and job creation criteria can qualify for the Missouri BUILD Program (Business Use Incentive for Large-scale Development).
This selective and competitive incentive is designed to support high-impact projects, offering Missouri tax incentives that stimulate both community and state economic growth.
Through bond financing, the program provides funding for public or private infrastructure or new capital improvements at the project location. Companies enrolled in the BUILD program benefit from refundable state tax credits that match the annual debt service payments on the bonds, extending over a period of 10 to 15 years.
Chapter 100 authorizes cities and counties to issue industrial development bonds to finance a wide variety of commercial facilities and equipment, and to offer real and/or personal property tax abatement, sales tax exemption on construction materials, and/or sales tax exemption on tangible personal property. The terms and abatement percentages are typically determined at the local level.
The Chapter 353 abatement is a local incentive tool designed to encourage the removal of blight through redevelopment in designated areas by providing real property tax abatement.
Projects are reviewed by an Advisory Committee and recommended for approval or denial to the governing municipal council. The incentive can be granted on real property improvements for up to 100% of the improvements at a length of 25 years.
The Data Center Sales Tax Exemption Program incentivizes data center development with a Missouri sales tax credit on construction materials, machinery, equipment, and utilities. Benefits include state and local sales tax exemption, with eligibility depending on new or expanded facilities.
Learn more about the Data Center Sales Tax Exemption Program
When eligible sites have certain infrastructure needs (public streets, water or sewer lines, engineering and other public facilities), using federal funds available to it, a local community can help reduce or offset costs associated with a given project in a “non-entitlement” area (a city under 50,000 in population or a county under 200,000 in population).
Missouri’s new automotive incentives grant up to $25 million in tax credits to automotive manufacturers that invest $500 million in plant upgrades, while agreeing to retain current workers, and then an additional $25 million in tax credits if they invest another $250 million.
The Opportunity Zones program encourages long-term investment and job creation in low-income areas of the state by allowing investors to reinvest unrealized capital gains in designated census tracts. The state of Missouri has 161 federally-designated Opportunity Zones.
Download a snapshot to learn more about Missouri’s Opportunity Zones.
You can find even more details here.
Machinery, equipment, and energy directly used to manufacture a product ultimately intended for sale are exempt from state and local sales and use tax. Manufacturers’ inventories (raw materials, goods in process, and finished goods) are exempt from inventory taxes.
Missouri’s competitive tax structure includes a low corporate income tax rate of 4%, one of the lowest in the U.S., and an income allocation model that only taxes in-state earnings. This policy offers a distinct advantage for businesses looking to maximize profitability.
It is important to note that Missouri has not adopted a worldwide or nationwide unitary tax assessment in computing multinational corporate income tax liability.
Missouri’s R&D Tax Credit program allows a 15 percent income tax credit for additional qualifying research expenses or a 20 percent income tax credit for qualifying expenses related to research conducted in conjunction with a public or private college or university in Missouri.
The program has a credit cap of $10 million annually, with no single taxpayer allowed to receive more than $300,000 in credits per year. Of the $10 million cap, $5 million is reserved for minority and women business enterprises and small businesses. New businesses, defined as a business less than five years old, are issued full tax credits first.