Missouri Corporate and Franchise Taxes

Missouri’s corporate income tax rate is 6.25%. That rate is applied to Missouri taxable income, which in Missouri is the same as federal taxable income. Missouri allows 50% of federal income tax payments to be deducted before computing taxable income, leading to an effective tax rate of 5.2%.

A franchise tax also applies to Missouri corporations. That tax is 0.020% of value of the proportion of the par value of shares or surplus greater than $10 million in Missouri.

For more information, click here. For the Missouri income tax code, click here.