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Corporate income tax. Missouri imposes a tax on the income of corporations doing business in the state, at the rate of 6.25%. Taxation of pass-through entities. Missouri does not impose an income tax on entities that have or elect for pass-through treatment under federal law.
The Missouri Department of Revenue is a U.S. state government agency in Missouri created under the Missouri Constitution in 1945, which is responsible for ensuring the proper functioning of state and local government through the collection and distribution of state revenue, and administration of state laws governing driver licensing, and motor vehicle sale and registration.
Over the last eight years Republicans have been leading the effort to reduce income taxes in Missouri. In 2017, corporate income tax rates were reduced from 6% to 4.25% and in 2018, Republicans ...
Largest cities[edit] Kansas City, largest city in Missouri. St. Louis, second-largest city. Springfield, third-largest city. Columbia, fourth-largest city. Independence, a satellite city of Kansas City and the fifth-largest city. St. Joseph. Joplin. Jefferson City, state capital and fifteenth-largest city.
“Once a taxpayer’s property value is over $550,000, the taxpayer’s application would be denied for the current tax year and the full tax amount would be due by Dec. 31.”
Missouri residents could see a roughly $138 million tax break under legislation passed Thursday by the House in an attempt to offset a recent surge in local tax collections caused by higher ...
The state treasurer is responsible for managing more than $24 billion in annual revenues and more than $3.6 billion in state investments. [1] Additionally, the state treasurer works to return nearly $700 million in unclaimed property to more than 4.3 million account owners. [2] The state treasurer also helps oversee MOST - Missouri's 529 ...
Potential Missouri tax cuts. In September 2022, with the treasury holding a record surplus and revenues growing at double-digit rates, lawmakers passed a state income tax cut during a special ...