Missouri’s new law, effective after May 7, 2025, makes it the first U.S. state to exempt capital gains taxes on stocks, crypto, and real estate, aiming to boost investment by eliminating taxes on profits from asset sales, as reported by AP News and Yahoo Finance.
The legislation, led by Republican House Speaker Pro Tem Chad Perkins, also includes tax breaks for seniors, disabled residents, and sales tax exemptions for diapers and feminine hygiene products, addressing Democratic objections during its passage.
This move aligns with a broader Republican trend, as eight other states cut income tax rates in 2025, while Congress debates renewing Trump-era tax breaks, potentially amplifying economic impacts for investors nationwide.
