Missouri Slashes Taxes on Crypto and Stock Gains—Wall Street Grumbles

Show-Me State lawmakers just handed investors a fat break: Missouri’s new tax bill exempts cryptocurrency and stock gains from state income tax. The move sparks cheers from crypto bulls—and eye-rolls from traditional finance elites who still think Bitcoin is a ’fad.’

Under the bill, capital gains from digital assets and equities get the same pass as municipal bonds. Critics call it a giveaway to the wealthy; supporters argue it’ll turn Missouri into a crypto hub. Either way, accountants are scrambling to update their spreadsheets.

Funny how ’tax innovation’ always means paying less—unless you’re a retail trader, of course.

Corporate capital gains taxes 

Corporate capital gains would not be exempt until at least 2030, when Missouri’s top individual tax rate falls to 4.5% under an existing trigger law. That delayed timeline helped the bill gain support from five of ten Senate Democrats.

Republicans, including bill sponsor House Speaker Pro Tem Chad Perkins, defended the measure as a way to spur investment and reduce tax burdens.