EDC St. Charles County

ities and communities around America claim to have low taxes in an effort to attract and retain business investment. When it comes to having “low taxes,” it is more than words in St. Charles County, Missouri – a part of the growing metropolitan St. Louis region.

Missouri’s Sate Business Tax Climate is ranked 16th lowest in the nation for fiscal year 2010, according to the non-partisan Tax Foundation. The ranking of our bordering states includes Kentucky at 20th, Tennessee at 22nd, Illinois at 30th, Oklahoma at 31st, Kansas at 32nd, Nebraska at 33rd, Arkansas at 40th, and Iowa at 46th.

Tax	Missouri	St. Charles County
Corporate Income Tax	6.25% of Missouri taxable income, with adjustments including deductibility of 50% of federal income tax.	None
Personal Income Tax	$315 plus 6% of federal adjusted gross income over $9,000.	None
Local Income Tax	N/A	None
Corporate Franchise Tax	$0.33 per $1,000 of par value of outstanding shares and surplus or total assets. Corporations with less than $1,000,000 outstanding shares and surplus are not taxed.	None
Property Tax	Residential property assessed at 19% of true or fair market; commercial and industrial property assessed at 32%; personal property at 33 1/3%. Business inventories are not taxed.	Residential property assessed at 19% of true or fair market; commercial and industrial property assessed at 32%; agricultural at 12%; personal property at 33 1/3%. Business inventories are not taxed.
Sales & Use Tax	4.225% of purchase price of tangible personal property and enumerated services. Local sales taxes also apply and vary by jurisdiction.	St. Charles County Government’s sales tax rate is 1.675%. Additional sales taxes are charged and vary by location in the community. The County has a 1.725% Use Tax (for parkland acquisition, development, and operation) on out-of-state purchases exceeding $2,000 in one year.