Missouri poised to become first U.S. state to exempt stock sale profits from income taxes

Missouri is about to become first U.S. state to exempt stock and crypto sale profits from income taxes

Though proponents hope it can spur the economy, detractors assert that the capital gains tax repeal will primarily benefit the rich.

Missouri Legislature passes tax cut plan for investments, diapers, seniors - Missourinet

Missouri is one signature away from having new tax cuts. The state legislature has sent a wide-ranging tax cut package to Gov. Mike Kehoe’s office. House Bill 594 is sponsored by House Speaker Pro Tem Chad Perkins, R-Bowling Green. The bill would: *Eliminate the state tax on capital gains, which involves profits for things like […]

House passes bill that allows income tax reduction for capital gains

The Missouri House passed two bills that will allow Missourians to keep capital gain profits.

Missouri bill exempting capital gains from income tax sent to governor

Missouri House Republicans muscled their biggest tax-cut priority of the year across the finish line on Wednesday, sending a bill exempting capital gains from income tax to Gov. Mike Kehoe. No Democrats supported the bill, although 10 did vote “present”…

Missouri poised to become first U.S. state to exempt stock sale profits from income taxes

Investors who profit from selling stocks, real estate and other assets soon could reap an even larger benefit in Missouri, which is poised to become the first U.S. state to exempt capital gains from its income tax.

Missouri legislature passes sweeping tax bill, eliminating capital gains tax

The legislation contains other tax provisions, including eliminating the state sales tax on diapers and feminine hygiene products.