The capital gains tax cut passed this year by Missouri lawmakers will cost far more than expected and shrink state revenues, a new state budget estimate shows.

Starting in the 2025 tax year, Missouri will allow individuals to deduct 100% of capital gains reported on their federal tax return from their state taxable income, effectively eliminating the capital ...

This summer, Missouri became America’s first state to eliminate capital gains taxes while keeping its state income tax. Maryland, under Gov. Wes Moore, is moving in a completely different direction.

Missouri House Speaker Pro Tem Chad Perkins of Bowing Green speaks during debate Feb. 11 on his bill exempting capital gains from the state income tax (Tim Bommel/Missouri House Communications) A new ...

In 2025, Missouri lawmakers passed legislation to eliminate its capital gains tax, phase out the state income tax and expand ...

This year, Missouri became the first state in the country to tax income, but not capital gains. That could present a challenge as the state prepares to face a budget shortfall. Missouri is the first ...

Missouri Gov. Mike Kehoe on Thursday signed bills cutting taxes on capital gains and diapers and increasing fees for motor vehicle registrations. (Annelise Hanshaw/Missouri Independent) Missouri ...

When you sell an investment for more than you paid for it, then you typically have to pay capital gains tax on your profit. Federal tax law on capital gains applies to all U.S. taxpayers, but in ...

A trio of newspapers that cover Missouri’s capital city and surrounding communities will now be run by a familiar and ...

When Missouri lawmakers voted on the bill, the tax cut was estimated to reduce revenue by about $111 million annually. Now the state budget director says the loss could be as much as $500 million the ...