income tax

During the 2025 State Legislative Session, lawmakers passed House Bill 594, which exempts capital gains from income tax, making Missouri the only state in the nation that levies an individual income tax that does not also tax capital gains.[i] Capital gains are income generated Read More

For Immediate Release: January 28, 2025Contact: Traci Gleason MBP Response to Income Tax Proposal in State of State AddressStatement by Amy Blouin, President and CEO, Missouri Budget Project “Whether it happens over time or all at once, eliminating the state income tax wipes out Read More