POPULATION: 6,010,688
LABOR FORCE: 3,070,000
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES:Agriculture, manufacturing,
tourism, service and trade
EXPANDING INDUSTRIES: Advanced manufacturing, biomedical/
biotechnology, renewable
energy development and
systems, aviation/aerospace,
information and media, financial
services, professional services,
warehouse/distribution,
healthcare services
COLLEGE GRADUATES: (Age 25 and over) 25.6%
BASIC BUSINESS TAXES:
Corporate Income Tax: 5.2 percent
net effective corporate
income tax rate
Sales and Use Tax: 4.225 percent
state rate; an additional
1.5 percent use tax for local
jurisdictions; communities may
adopt a local sales tax, generally
ranging from 0.5 to 1 percent;
counties also may adopt
a sales tax ranging from 0.25
percent to 1 percent, with
exemptions
Property Tax: Real property
classified as commercial/industrial
is assessed at 32 percent,
residential at 19 percent, agricultural
at 12 percent of true or
fair market value; commercial
and industrial real property
assessed an additional county
surcharge designed to replace
revenues lost by tax exemption
of business inventories (with
exemptions)
BUSINESS INCENTIVES:
Quality Jobs Act (refundable
job creation tax credit)
Missouri Build (refundable
investment tax credits)
Missouri Customized Jobs
Training grants
New Jobs Training (withholdings
tax redirection)
Enhanced Enterprise Zone
Tax Credits
Chapter 100 property tax
abatement
Tax-exempt industrial development
bonds
State Historic Tax Credit
Industrial infrastructure grants
Action Fund Loan Program
Tax increment financing
Foreign-trade zones
Rebuilding Community Tax
Credits
Brownfield redevelopment
tax credits
