Missouri Removes Capital Gains Tax on Crypto Investments

Missouri has taken a bold step by exempting capital gains from state income taxes, impacting the cryptocurrency industry and other assets. The new law will take effect in 2025, benefiting investors starting then. However, the move is expected to result in a $430 million revenue loss in the first year. This makes Missouri the first U.S. state to offer such exemption, potentially influencing other states’ fiscal policies in the future.