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Site Selection Magazine: Incentives Make Expanding in Missouri Easier

  • August 06, 2018

When the tax man cometh in Missouri, he takes a smaller bite out of your business wallet, according to a new article by Site Selection Magazine.

Keeping taxes low has been a hallmark of Missouri state government for the last three decades. Missouri’s corporate income tax rate of 6.25 percent ranks fifth lowest in the nation, according to the Tax Foundation, and its overall state and local tax burden of 9.3 percent is below the national average of 9.9 percent.

The newly-passed and signed tax plan, would lower the corporate income tax in Missouri from 6.25 percent today to 4 percent in January 2020, which would be second only to North Carolina among states that levy such a tax.

Check out the full article from Site Selection Magazine here.

For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion needs.

For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion needs.

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