Rural MidAmerica Development Association


	Leading Employers / Taxation / Utilities / Enterprise Zones

	Leading Employers Rural MidAmerica is part of the second most diverse economy in the country. This diversity is obvious in the list of leading employers in the region: BASF Corporation Buckhorn Cerro Copper ConAgra Continental Cement Daffron DURA Automotive Systems General Mills Hannibal Regional Hospital Herff Jones Intermet Moore Fan Co. Pace Industries Printex TEVA Pharmaceuticals USA Toastmaster, Inc. Walsworth Publishing Co. Watlow Back to Top

Taxes & Credits

Corporate Tax & Incentives
State	Missouri	Arkansas	Illinois	Iowa	Kansas	Kentucky	Nebraska	Oklahoma	Tennessee
Net Effective Corp. Inc. Tax	5.20%	6.50%	7.30%	9.21%	7.35%	8.25%	7.81%	6.00%	6.00%
Per Capita State Corp. Inc. Tax Revenue 2000	$47	$89	$182	$73	$101	$76	$82	$56	$108
Franchise Tax	YES	YES	YES	NO	YES	YES	YES	YES	YES
Fed. Inc. Tax Deduction	YES	NO	NO	YES	NO	NO	NO	NO	NO
Apportionment Option	YES	NO	NO	NO	NO	NO	NO	NO	NO
State Apportionment of Income Factors	3 Factor/Sales	Double wtd.Sales	83.3% Sales, 8.3% Property & Payroll	Sales	3 Factor/Sales & Property	Double wtd. Sales	Sales	3 factor	Double wtd. Sales
Allows Fed ACRS Depreciation	YES	NO	YES	YES	YES	NO	YES	YES	YES
New Jobs Income Tax Credit	YES	YES	NO	YES	YES	YES	YES	YES	NO
New Investments Income Tax Credit	YES	NO	YES	YES	YES	NO	YES	YES	YES
EZ Income Tax Credit	YES	YES	YES	YES	YES	YES	YES	YES	YES

Personal Tax
State	Missouri	Arkansas	Illinois	Iowa	Kansas	Kentucky	Nebraska	Oklahoma	Tennessee
Per Capita State Personal Income Tax Revenue 2000	$635	$550	$615	$646	$692	$668	$686	$619	$32
Individual Income Tax Rate (2000)	1.5% - 6%	1% - 7%	3%	.36% - 8.98%	3.5% - 6.45%	2% - 6%	2.51% - 6.68%	.5% -6.75%	On Dividends & Interest Only
Inventory Property Tax Exemption	YES	NO	YES	YES	YES	NO	YES	NO	YES

Sales Tax & Exemptions
State	Missouri	Arkansas	Illinois	Iowa	Kansas	Kentucky	Nebraska	Oklahoma	Tennessee
Sales Tax Rate as of 1/1/2000	4.225%	4.625%	6.000%	5.000%	4.900%	6.000%	5.000%	4.500%	6.000%
Vendor Discounts as of 1/1/2000	2.000%	2.000%	1.750%	none	none	1.75%-1.0%	2.5%- .5%	2.250%	2% - 1.15%
State Use Tax Rate	4.225%	4.63%	6.25%	5.00%	4.90%	6.00%	5.00%	4.50%	6.00%
Per Capita State Sales Tax Revenue 2000	$721	$884	$874	$847	$863	$869	$845	$632	$1,020
Local Sales Tax Exemption	YES	YES	YES	YES	YES	YES	YES	YES	YES
Sales Tax Exemption for Manufacturing Equipment	YES	YES	YES	YES	YES	YES	NO	YES	YES
Sales Tax Exemption for Air Quality Equipment	YES	YES	YES	NO	NO	YES	NO	YES	YES
Sales Tax Exemption for Water Quality Equipment	YES	YES	YES	NO	NO	YES	NO	YES	YES
Sales Tax Exemption for Manufacturing Energy	YES	LTD	NO	YES	NO	YES	YES	NO	YES

Utilities
Rural MidAmerica is fortunate to have an excess water capacity, gasoline prices that run 10 cents below the national average and electricity costs that are 14% lower than the national average. Within Rural MidAmerica the member communities handle the utilities variously according to their needs; local cities often provide water, sewer and natural gas to their residents.

Energy Costs
State	Missouri	Arkansas	Illinois	Iowa	Kansas	Kentucky	Nebraska	Oklahoma	Tennessee
Average Industrial Electric Cost/Kilo Watt hr. 2000	$0.045	$0.042	$0.042	$0.039	$0.045	$0.030	$0.036	$0.042	$0.046
Average Industrial Natural Gas Cost/1000cft 2000	$5.86	n.a.	$5.780	$5.360	na	$5.040	$4.580	$4.670	$5.330
Gas Tax/Gallon 1999	$0.17	$0.21	$0.19	$0.20	$0.20	$0.15	$0.24	$0.16	$0.20
Gas Price/Gallon May 2002	$1.30	$1.34	$1.45	$1.35	$1.35	$1.34	$1.41v	$1.28	$1.34

Enterprise Zones
Businesses within Enterprise Zones in Missouri can offset up to 100% of state income tax liability for up to ten years through investment credits. Businesses can earn credits for job creation, vocational training and real property improvements.

Enterprise zones in Rural MidAmerica:

Macon
Callao
Bevier
Brookfield
Marceline
Kirksville
Moberly