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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.
Missouri’s total spending has grown from about $26.4 billion in the 2019 fiscal year to $38.2 billion in 2023. But much of that growth represents one-time federal pandemic aid that is rapidly ...
The corporate income tax rate was also increased in 1993 and was set at 6.25%. Soon after Kansas enacted its tax cuts in 2012, the Republican supermajorities in the Missouri legislature tried to ...
Missouri’s corporate income tax for decades was 5%. In 1993, in a bill that increased revenue to pay for education needs, the tax was boosted to 6.25%. The rate was cut to 4% in 2018 .
New Hampshire – no individual income tax. The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax.
Jay Ashcroft. John Robert " Jay " Ashcroft (born July 12, 1973) is an American attorney, engineer and politician serving as the 40th and current Secretary of State of Missouri since 2017. A member of the Republican Party, he is the son of former U.S. Attorney General John Ashcroft . As Missouri Secretary of State, Ashcroft pushed for stricter ...
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.
Republican Missouri Gov. Mike Parson on Thursday signed into law the state’s roughly $48 billion budget for the upcoming year but vetoed more than $640 million in spending requested by the ...
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