April 2nd Evening State Tax Update
California extends tax filing and payment deadline to July 31 for a broad spectrum of business taxes as Virginia keeps May 1st tax filing deadline.
4 min readHow does Missouri’s tax code compare? Missouri has a graduated state individual income tax, with rates ranging from 2.00 percent to 4.80 percent. There are also jurisdictions that collect local income taxes. Missouri has a 4.0 percent corporate income tax rate. Missouri also has a 4.22 percent state sales tax rate and an average combined state and local sales tax rate of 8.39 percent. Missouri has a 0.82 percent effective property tax rate on owner-occupied housing value.
Missouri does not have an estate tax or inheritance tax. Missouri has a 24.97 cents per gallon gas tax rate and a $0.17 cigarette excise tax rate. The State of Missouri collects $4,635 in state and local tax collections per capita. Missouri has $8,042 in state and local debt per capita and has an 81 percent funded ratio of public pension plans. Overall, Missouri’s tax system ranks 12th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Missouri is no exception. The first step towards understanding Missouri’s tax code is knowing the basics. How does Missouri collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
California extends tax filing and payment deadline to July 31 for a broad spectrum of business taxes as Virginia keeps May 1st tax filing deadline.
4 min readAnother 1.4 million Americans filed initial regular unemployment benefit claims, the eleventh week of a decline in the rate of new claims, but still among the highest levels in U.S. history. The total number of new and continued claims now stands at 19.3 million, a marked decline from the peak of 24.9 million a month ago.
7 min readOur updated 2020 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min readFrom remote sales tax collection to taxes on marijuana and vaping products, we recap the top state tax trends from 2019 and break down which ones you should watch for in 2020.
38 min readIf a state must offer a “holiday” from its tax system, it is an implicit recognition that the state’s tax system is uncompetitive.
44 min readOur updated 2019 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min readBallot initiatives are often an afterthought on Election Day, but in many states, voters went to the polls to weigh in on significant tax policy questions. Here are the most recent results we’ve compiled for tax-related ballot measures.
5 min read