State Business Tax Climate Index Rankings 20
State Overall Rank
Missouri 16
Arkansas 39
Illinois 23
Iowa 45
Kansas 35
Kentucky 19
Nebraska 29
Oklahoma 30
Tennessee 27
Source: Tax Foundation's State Business Tax Climate Index
State Business Tax Climate Index Rankings 2011
Individual
Sales Tax
Corporate Tax Rank Income Tax
Rank
Rank
5 25 15
40 33 41
27 9 39
47 42 31
35 21 32
42 32 7
34 31 17
7 24 42
11 8 47
Unemployment
Property Tax
Insurance Tax
Rank
Rank
9 11
18 21
41 39
33 34
7 41
34 20
13 24
1 27
35 50
State Corporate Income Tax Rates (2011)
State Tax Rates and Brackets
Missouri 6.25%
Arkansas 1.0%>$0
2.0%>$3,000
3.0%>$6,000
5.0%>$11,000
6.0%>$25,000
6.5%>$100,000
Illinois 7.3%>$0
Iowa 6.0%>$0
8.0%>$25,000
10.0%>$100,000
12.0%>$250,000
Kansas 4.0%>$0
7.05%>$50,000
Kentucky 4.0%>$0
Kentucky 4.0%>$0
5%>$50,000
6%>$100,000
Nebraska 5.58%>$0
7.81%>$100,000
Oklahoma 6%>$0
Tennessee 6.5%>$0
Source: Tax Foundation's State Business Tax Climate Index
ate Income Tax Rates (2011)
Special Rates or Notes
Additional Franchise Tax at .033%. 7% on financial institutions.
50% of federal tax deductible.
Includes 2.5% income replacement tax. 1.5% for S-Corps.
50% federal deductibility. Financial institutions are subject to
a 5% franchise tax.
Corporations must also pay the larger of a gross receipts tax
equal to .095% of gross sales or .75% of gross profits, or a
minimum tax of $175.
Additional franchise tax of $1.25 for each $1,000 of capital
invested or used in Oklahoma.
Franchise tax of .25% of the greater of net worth or real and t
angible property ($100 minimum).
State Sales and Gasoline Taxes (2010)
State Sales Tax
Missouri 4.23%
Arkansas 6%
Illinois 6.25%
Iowa 6.00%
Kansas 6.30%
Kentucky 6.0% (c)
Nebraska 5.50%
Oklahoma 4.50%
Tennessee 7%
(a) In addition to the 18.4 cpg federal gasoline tax.
(b) The American Petroleum Institute has developed a methodology for determining the average tax rate on a gallon of fuel. Rates may include any of the following: excise taxes, environmenta
(c) Kentucky has a GRT called the limited liability entity tax (LLET) in addition to its 6% sales tax. Corporations pay the LLET, which is the lesser of 0.095% of gross receipts or 0.75% of gross
Sources: American Petroleum Institute, state revenue departments, and Tax Foundation's State Business Tax Climate Index
2010)
Gas Tax (a,b)
17.3 cents
21.8 cents
39 cents
22 cents
25 cents
22.5 cents
27.3 cents
17 cents
21.4 cents
ude any of the following: excise taxes, environmental fees, storage tank fees, other fees or taxes, general sales tax, and local taxes. In states where gasoline is subject to the general sales tax, or where the fuel
sser of 0.095% of gross receipts or 0.75% of gross profits. The tax phases in between $3 million and $6 million of gross receipts or profits. Minimum tax $175.
State Business Tax Climate Index
to the general sales tax, or where the fuel tax is based on the average sale price, the average rate determined by API is sensitive to changes in the price of gasoline. States that fully or partially apply general sa