During the 2025 State Legislative Session, lawmakers passed House Bill 594, which exempts capital gains from income tax, making Missouri the only state in the nation that levies an individual income tax that does not also tax capital gains.[i] Capital gains are income generated from the profits individuals and businesses make on stocks, cryptocurrencies, real estate and other valuables. The exemption is expensive and will reduce state general revenue by at least $341 million and likely in exc...
