Missouri Eliminates Capital Gains Tax on Cryptocurrency Investments

Missouri’s House Bill 594 has passed, paving the way for a significant tax incentive for cryptocurrency investors. The bill awaits Governor Mike Kehoe’s signature and will drastically alter the state’s tax policy. This is expected to attract even more capital investment to Missouri by exempting capital gains from taxation at the state level. The legislation grants a 100% income tax deduction for capital gains, effectively eliminating them as taxable income within the state.