If you live in Missouri, you'll no longer have to pay taxes on profits from the sale of stocks and property. Last month, Gov.

This summer, Missouri became the first state to eliminate capital gains taxes while keeping its state income tax. Maryland is ...

On July 10, 2025, Missouri Gov. Mike Kehoe signed House Bill 594 into law. The legislation eliminates the state tax on capital gains for individuals as of January 1, 2025.

In Missouri, 14.3% of homeowners currently exceed the capital gains tax exclusion for single filers with an average potential tax liability of over $22,900. That liability is thought to be keeping ...

If Missouri’s top corporate income tax rate drops to 4.5% or lower in the future, corporations could also deduct 100% of their capital gains income.

A capital gain for property located in another state, for example, would not result in a Missouri tax payment. “The capital gains numbers we’re providing are the ones that we believe are ...

Missouri House Speaker Pro Tem Chad Perkins of Bowing Green speaks during debate Feb. 11 on his bill exempting capital gains from the state income tax (Tim Bommel/Missouri House Communications).

The capital gains tax results in "lost economic opportunity, financial sclerosis, lower wages -- all of which serve to make Missouri less competitive both domestically and internationally,” said ...

Federal tax law on capital gains applies to all U.S. taxpayers, but in Missouri, you'll also have to pay state tax on your capital gains, and the way the two systems work is somewhat different.

Senate Democratic Leader Doug Beck of Affton asked. The institute’s estimate is based onIRS data from 2022that showed $13.3 billion in long-term capital gains reported on returns from Missouri.