Good news for investors who are residents of Missouri! On July 10, 2025, Missouri Gov. Mike Kehoe signed House Bill 594, which will exempt both short- and long-term capital gains from Missouri individual income tax.
Under the new law, individuals subject to Missouri income tax will be allowed to deduct 100% of all income reported as a capital gain for federal income tax purposes when calculating their Missouri taxable income for all tax years starting on or after Jan. 1, 2025.
We recommend consulting with a tax professional or your financial advisor if you have questions regarding how this might impact you.
