US EditionMissouri House again votes to eliminate income tax on capital gains
- The Missouri House voted again in 2025 to eliminate state income tax on long-term capital gains, primarily affecting residents within Missouri.
- This proposal is part of a wider Republican effort to phase out the state income tax, prompted by similar tax cuts in other states like Kentucky and Mississippi.
- The bill exempts profits from sales of assets such as stocks and real estate and adjusts property tax credits for low-income seniors, with an estimated revenue loss between $110 million and $600 million annually.
- Economic Policy Institute analyst David Cooper criticized the bill for concentrating benefits to Missouri's wealthiest, stating it privileges owners of wealth over wage earners and could be more harmful than eliminating income tax altogether.
- If enacted, the tax exemption would predominantly benefit the top 5% of earners while raising concerns about reduced state revenue and fiscal sustainability amid economic uncertainties.
83 Articles
83 Articles
New tax cuts mostly favor the rich across states this year • Kansas Reflector
Lawmakers are seen in the Missouri Senate chamber in Jefferson City, Mo. Missouri may become the first state with an income tax to exempt capital gains, but several states have considered tax cut proposals that would benefit the wealthy during this year’s legislative sessions. (Annelise Hanshaw/Missouri Independent)Missouri Republicans may take their tax-cutting efforts to new heights this year as lawmakers consider exempting profits from the sa…
The Columbian
New tax cuts mostly favor the rich across states this year
Missouri Republicans may take their tax-cutting efforts to new heights this year as lawmakers consider exempting profits from the sale of stocks, bonds and real estate from state income taxes. Read more...
New tax cuts mostly favor the rich across states this year • Idaho Capital Sun
Lawmakers are seen in the Missouri Senate chamber in Jefferson City, Missouri. Missouri may become the first state with an income tax to exempt capital gains, but several states have considered tax cut proposals that would benefit the wealthy during this year’s legislative sessions. (Annelise Hanshaw/Missouri Independent)Missouri Republicans may take their tax-cutting efforts to new heights this year as lawmakers consider exempting profits from …
New tax cuts mostly favor the rich across states this year • Maine Morning Star
Lawmakers are seen in the Missouri Senate chamber in Jefferson City, Mo. Missouri may become the first state with an income tax to exempt capital gains, but several states have considered tax cut proposals that would benefit the wealthy during this year’s legislative sessions. (Annelise Hanshaw/Missouri Independent)Missouri Republicans may take their tax-cutting efforts to new heights this year as lawmakers consider exempting profits from the sa…
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