POPULATION: 5,987,580
LABOR FORCE: 3,036,622
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
COLLEGE GRADUATES: (Age 25 and over) 25%
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
Missouri Downtown Economic
Stimulus Act
Industrial infrastructure grants
Action Fund Loan Program
Tax increment financing
Foreign trade zones
Rebuilding Community Tax Credits
Brownfield redevelopment tax
credits
