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Missouri ranks 16th in tax climate for business

According to a study released Tuesday, Missouri’s tax code ranks 16th among the 50 states, unchanged from the previous year.

The Tax Foundation’s annual State Business Tax Climate Index ranks states based on their tax structure. It compares all 50 states on more than 100 variables in five tax categories — corporate, sales, unemployment insurance and property and individual income.

Missouri ranked 5th in corporate tax structure, 7th in unemployment insurance, 7th in property, 24th in sales taxes and 28th in the individual income tax category.

You can view the study here.

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