Missouri Provides Income Tax Exemption for Capital Gains on Gold, Silver

The Missouri Governor signed a law concerning certain financial organizations. The law includes: 1) providing that any amount of the $10 million in Housing Credits not authorized in a fiscal year can be authorized for Contribution Credits during the same fiscal year, provided that the total combined amount of Housing and Contribution credits do not exceed $11 million during the fiscal year; 2) providing an income tax credit to estates and trusts for income taxes imposed by other states, beginning on or after Jan. 1, 2026; and 3) exempting from state income tax the portion of capital gain on the ...