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Missouri
By the Numbers

Missouri Below is a snapshot of key features of Missouri's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $28.8 billion
  • General Revenue as a Share of Income: 13.3%
  • Tax Revenue: $19.0 billion
  • Tax Revenue as Share of income: 8.8%
  • Personal Income Tax (Share of Tax Revenue): 24.3% (16 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 1.4 % ( 43 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 37.7 % ( 16 out of 51)
  • Property Tax (Share of Tax Revenue): 30.2 % ( 33 out of 51)
  • Other Taxes (Share of Tax Revenue): 4.9 % (28 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: 1.5% - 6%
  • Standard Deduction: $5,950 ($11,900 for Married Couples)
  • Personal Exemption: $2,100 (Extra $1,400 for Head of Household Filers)
  • Dependent Exemption: $1,200
  • Earned Income Tax Credit (EITC): None
  • Deduction for federal income taxes paid
Corporate Income Tax Features (2012)
  • Range of Tax Rates: 6.25%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
  • Apportionment Note: Corporations can elect to use equally weighted formula
Sales Tax Features (2012)
  • State Sales Tax Rate: 4.225%
  • Average Local Sales Tax Rate: 3.225%
  • Average Combined State & Local Sales Tax Rate: 7.45%
  • State Sales Tax Treatment of Groceries: 1.225%
  • Local Sales Tax Treatment of Groceries: Taxed
  • Number of Services Taxed: 26 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: No
  • Sales tax holiday offered in 2013
  • Vendor Compensation available without ceiling
Property Tax Features (2012)
  • Does not provide a meaningful homestead exemption or circuit breaker for non-elderly taxpayers.
  • Levies a car tax.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.173
  • Diesel Tax Rate (per gallon): $0.173
  • Cigarette Tax Rate (per pack): $0.17
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: $152 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes, but excludes at least one major tax
  • Tax Incidence Analysis Capability: Multiple taxes

Last Updated October 4, 2012

Sources & Glossary