Missouri Reports & Information

NEWS & MEDIA


The Latest News from CTJ's Tax Justice Blog

Missouri
By the Numbers

Missouri Below is a snapshot of key features of Missouri's tax system. (Scroll Down)
Personal Income Tax Features (2015)
  • Range of Tax Rates: 1.5% - 6%
  • Standard Deduction: $6,300 ($12,600 for Married Couples)
  • Personal Exemption: $2,600 (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 (2015)
  • 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 (2015)
  • 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 2014
  • Vendor Compensation available without ceiling
Property Tax Features (2015)
  • Does not provide a meaningful homestead exemption or circuit breaker for non-elderly taxpayers.
  • Levies a car tax.
Other Tax & Revenue Features (2015)
  • 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 January 13, 2015

Sources & Glossary