Missouri is on track to become the first US state to exempt stock-market investment gains from income taxes.
A bill (HB 594) that passed the Missouri House of Representatives Wednesday and now heads to Gov. Mike Kehoe (R) would exempt stock earnings, known as capital gains, from personal income taxes. Capital gains typically come from selling stock shares at a higher price than bought, but also apply to trading cryptocurrency, or selling real estate.
Missouri, along with 32 other states and the District of Columbia, taxes capital gains at the same rate as wages and other income. The ...
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