This law is applicable to any size city in Missouri. Missouri enterprise zones may also abate improvements to real property up to 100 percent for up to 25 years. Unemployment Insurance Most companies doing business in Missouri are required to pay unemployment insurance to protect their workers during unemployment. The employer with a credit balance will contribute at a rate of 0.13 percent to 4.08 percent. Companies can offer this protection through a private insurance carrier or they can become self-insurers.
Premium rates vary, depending on the risks associated with special occupations.
As in most states, the premium rates apply to an employee's total annual salary. The maximum weekly benefit for temporary total disability, temporary partial disability, permanent total disability and death is currently computed as 105 percent of the average wage, determined annually on July 1. In Missouri benefits cannot be increased without the review and approval of the state legislature. Franchise Tax Missouri's franchise tax is based on capital employed in a company. The credit may be used to reduce state business income tax by up to 100 percent for 10 tax years.