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TechFlow news, May 8 — According to Fortunes, Missouri could become the first U.S. state to eliminate capital gains taxes. The proposal stipulates that capital gains earned by investors from selling stocks, real estate, and other assets will no longer be subject to state income tax.
The bill passed the Missouri legislature on May 7 and has been submitted to the governor; if signed, it will take effect.
According to Fortunes, Missouri could become the first U.S. state to eliminate capital gains taxes. The proposal states that capital gains earned by investors from selling stocks, real estate, and other assets will no longer be subject to state income tax. The bill passed the Missouri legislature on May 7 and has been submitted to the governor; if signed, it will take effect.
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