Tax/Incentive Profile

TAXES AND FINANCIAL INCENTIVES PROFILE

Businesses locating within the Kearney area are eligible for several incentive programs which, at the time of initial investment, offer direct cost reductions. Some of the programs also reduce annual operating costs. Businesses and individuals located in the metropolitan area are also affected by a tax structure that is quite favorable when compared to most regions of the United States.

The purpose of this profile is to provide an introductory overview of the overall tax and financial incentive structure in the metropolitan area. Included is a summary of state and local business taxes, state-imposed employment costs, and individual income taxes for Missouri.

This publication also addresses the wide range of financial incentives provided by state and local government agencies. These include state income tax credits, real and personal property tax exemptions, sales tax exemptions, financing programs, workforce training, and a number of other programs.

ABOUT LINKS TO MISSOURI INFORMATION ON THE WEB

Where it is feasible to provide links to unique web addresses for relevant state agencies or for state publications about the various taxes or incentive programs outlined in this publication, links are provided in the appropriate sections. The primary economic development and tax web sites for each state are:

• Missouri Department of Economic Development
• Missouri Department of Revenue
• Missouri Department of Labor and Industrial Relations