Missouri is on the verge of making tax history. In a move that has drawn both praise and criticism, the state legislature passed a sweeping bill that would eliminate the individual capital gains tax starting with the 2025 tax year.
Once Gov. Mike Kehoe, who has reportedly expressed strong support for the idea, signs the bill, Missouri will become the first state in the nation to fully exempt profits from the sale of stocks, real estate, cryptocurrency, and other capital assets from state income tax.
