Missouri to Eliminate Capital Gains Tax on Assets, Becomes First State With Full Exemption

Missouri is taking a groundbreaking step forward with the passage of legislation eliminating capital gains taxes on cryptocurrencies, stocks, and real estate. The bill, awaiting Governor Mike Kehoe’s signature, will make Missouri the first state to offer full asset exemption for investors. This move, expected to impact public services funding in 2025, has generated both optimism and concern among policymakers. While proponents see potential for increased investment and economic growth within the state, concerns have been raised regarding its effect on public services funding.