Missouri

Missouri poised to become first U.S. state to exempt stock sale profits from income taxes

Published

12 months ago

May 7, 2025

Missouri poised to become first U.S. state to exempt stock sale profits from income taxes

JEFFERSON CITY, Mo. — Investors who profit from selling stocks, real estate and other assets soon could reap an even larger benefit in Missouri, which is poised to become the first U.S. state to exempt capital gains from its income tax.

Legislation that won final approval Wednesday would halt the capital gains tax this year for individuals and could eventually eliminate it for corporations, if state revenues keep growing. The tax repeal now heads to Republican Gov. Mike Kehoe, who has said he’s “very supportive” of it.

Though proponents hope it can spur the economy, detractors assert that the capital gains tax repeal will primarily benefit the rich and result in less tax revenue for public schools and services. The Republican-led Legislature overcame objections by Democrats only after expanding the bill with greater tax breaks for seniors and disabled residents and new sales tax exemptions for diapers and feminine hygiene products.

Missouri’s unique income tax carve-out comes as Republican-led legislatures in at least eight other states have passed more traditional income tax rate reductions this year. It also comes as Congress weighs whether to renew and expand income tax breaks enacted during President Donald Trump’s first term in office.

Capital gains are profits from the sale of assets such as stocks, cryptocurrency or property. The federal government taxes long-term capital gains, on assets held for more than a year, at a lower rate than ordinary income.

All states that tax income also tax capital gains. Missouri currently is among 32 states and the District of Columbia that tax capital gains at the same rate as wages and other income, according to the nonprofit Tax Foundation. Eight states tax capital gains at a lower rate than other income.

Some Democratic-led states have been moving in the opposite direction. Maryland lawmakers last month passed a bill that would impose a 2% capital gains tax on those with incomes over $350,000. And Washington lawmakers recently passed legislation to impose an extra 2.9% tax on capital gains over $1 million. Minnesota already imposes a surcharge on capital gains and other investment income over $1 million.

Proponents of axing the capital gains tax say the tax discourages investment and incentivizes people to hold onto assets instead of selling them and spending money elsewhere in the economy.

“When you tax something you get less of it,” said Jonathan Williams, president and chief economist at the American Legislative Exchange Council, an association of conservative lawmakers and businesses. “The idea is, of course, you want more investment in your state.”

Though ALEC has long backed the repeal of state capital gains taxes, Missouri House Speaker Pro Tem Chad Perkins said the idea came to him last year from friends at an employee-owned construction company that was getting hit with the tax. He said his legislation also could benefit family farmers who want to sell their land.

The capital gains tax results in “lost economic opportunity, financial sclerosis, lower wages — all of which serve to make Missouri less competitive both domestically and internationally,” said Republican state Sen. Curtis Trent, who handled the bill in the Senate.

Opponents say the wealthy will get the greatest reward.

Repealing Missouri’s tax on capital gains would set “a worrisome precedent” nationally and “worsen economic and racial inequities,” said Sam Waxman, deputy director of state policy research at the liberal-leaning Center on Budget and Policy Priorities.

One government study found that white families are more likely to report capital gains than some minorities. Among middle-income taxpayers, about 8% of white families benefited from the federal government’s tax rates on capital gains and dividends compared to just 3% of Black families and 1% of Hispanic families, according to a 2023 U.S. Treasury Department report.

In Missouri, about 542,000 individual income taxpayers reported capital gains in 2022, amounting to just one-fifth of all filers, according to the Missouri Budget Project, a nonprofit research group that opposes the capital gains tax repeal. The group estimates that 80% of the tax relief would go to the wealthiest 5% of taxpayers.

Legislative researchers estimate Missouri’s capital gains tax repeal could cost the state about $262 million annually when fully implemented. But that’s disputed by both supporters and opponents.

The Missouri Budget Project estimates the cost could be nearly $600 million annually.

Trent predicts the tax repeal will trigger “increased economic growth (that) will translate into increased tax revenue” over time.

Owen Zidar, an economics and public affairs professor at Princeton University, studied the impacts of 584 capital gains tax rate changes in states over four decades. Capital gains tax cuts tend to result in more people selling assets for gains, but not so much as to offset the lost tax revenue, he said.

Zidar said he is skeptical of claims that Missouri’s capital gains tax repeal will attract a lot of investment and economic activity.

“I think it’s going to be a substantial revenue decrease,” he said.

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Missouri

Mizzou linebacker arrested, accused of fleeing traffic stop on Broadway

Published

3 hours ago

May 5, 2026

Press Room

Mizzou linebacker arrested, accused of fleeing traffic stop on Broadway

COLUMBIA — Freshman Mizzou linebacker JJ Bush was arrested late Monday night after he allegedly fled from police on East Broadway, according to court documents.

Bush, 18, was booked into the Boone County Jail early Tuesday and faces charges of aggravated fleeing a stop or detention, a class D felony, and operating a vehicle in a careless and imprudent manner, a class B misdemeanor, according to court records. He has since bonded out of jail.

Police saw a white Ford Mustang traveling around 50 mph on Trimble Road around 9:55 p.m. Monday, where the speed limit is 35 mph, according to a probable cause statement. Trimble Road is a short road between Conley Road and East Broadway in east Columbia next to several shopping centers and restaurants.

Police started following the vehicle and reported that it rapidly accelerated beyond the speed limit when it turned onto East Broadway, heading east in the direction of Old 63, according to the probable cause statement. Police estimated the vehicle reached speeds of 80 mph in the area, where the speed limit is 40 mph, according to the statement.

The officer activated their emergency lights and sirens in the area of East Broadway and Trimble Road and pursued the vehicle on East Broadway for over 20 seconds, during which the vehicle changed lanes to overtake other vehicles, according to the probable cause statement.

Police stopped the driver on East Broadway at the intersection with Old 63, where vehicles in all three westbound lanes were stopped at a red light, according to the probable cause statement. A video obtained by KOMU 8 News shows at least six law enforcement vehicles stopped with a vehicle matching the description of Bush’s vehicle in the area at the time of the traffic stop.

Police arrested Bush, the driver of the vehicle, at the scene, according to court documents. Bush allegedly told officers that he did not see the police vehicle until its emergency lights were activated, according to court documents. The officer wrote in the probable cause statement that the emergency lights were activated for over 20 seconds before the vehicle came to a stop.

Bush allegedly said he did not continue to speed after the officer activated their emergency lights and said “that’s just how my car is,” according to the probable cause statement. He allegedly admitted to going between 80 mph and 90 mph and said it was a bad decision, according to the statement.

The probable cause statement indicated there was another person in the vehicle while Bush was driving.

A statement KOMU 8 News obtained from Mizzou football head coach Eli Drinkwitz said Bush is suspended from the team.

“We are disappointed in JJ’s actions,” Drinkwitz said in the statement. “He is indefinitely suspended from the team as the legal process plays out.”

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Missouri

Missouri Lottery Powerball, Pick 3 winning numbers for May 4, 2026

Published

15 hours ago

May 5, 2026

Press Room

The Missouri Lottery offers several draw games for those aiming to win big.

Here’s a look at May 4, 2026, results for each game:

Winning Powerball numbers from May 4 drawing

30-36-42-60-63, Powerball: 13, Power Play: 2

Check Powerball payouts and previous drawings here.

Winning Pick 3 numbers from May 4 drawing

Midday: 3-0-1

Midday Wild: 6

Evening: 1-8-0

Evening Wild: 3

Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from May 4 drawing

Midday: 9-9-3-3

Midday Wild: 0

Evening: 0-2-0-8

Evening Wild: 0

Check Pick 4 payouts and previous drawings here.

Winning Cash Pop numbers from May 4 drawing

Early Bird: 13

Morning: 12

Matinee: 08

Prime Time: 15

Night Owl: 10

Check Cash Pop payouts and previous drawings here.

Winning Show Me Cash numbers from May 4 drawing

19-21-24-32-35

Check Show Me Cash payouts and previous drawings here.

Winning Powerball Double Play numbers from May 4 drawing

20-32-35-51-60, Powerball: 07

Check Powerball Double Play payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

All Missouri Lottery retailers can redeem prizes up to $600. For prizes over $600, winners have the option to submit their claim by mail or in person at one of Missouri Lottery’s regional offices, by appointment only.

To claim by mail, complete a Missouri Lottery winner claim form, sign your winning ticket, and include a copy of your government-issued photo ID along with a completed IRS Form W-9. Ensure your name, address, telephone number and signature are on the back of your ticket. Claims should be mailed to:

Ticket Redemption

Missouri Lottery

P.O. Box 7777

Jefferson City, MO 65102-7777

For in-person claims, visit the Missouri Lottery Headquarters in Jefferson City or one of the regional offices in Kansas City, Springfield or St. Louis. Be sure to call ahead to verify hours and check if an appointment is required.

For additional instructions or to download the claim form, visit the Missouri Lottery prize claim page.

When are the Missouri Lottery drawings held?

Powerball: 9:59 p.m. Monday, Wednesday and Saturday.
Mega Millions: 10 p.m. Tuesday and Friday.
Pick 3: 12:45 p.m. (Midday) and 8:59 p.m. (Evening) daily.
Pick 4: 12:45 p.m. (Midday) and 8:59 p.m. (Evening) daily.
Cash4Life: 8 p.m. daily.
Cash Pop: 8 a.m. (Early Bird), 11 a.m. (Late Morning), 3 p.m. (Matinee), 7 p.m. (Prime Time) and 11 p.m. (Night Owl) daily.
Show Me Cash: 8:59 p.m. daily.
Lotto: 8:59 p.m. Wednesday and Saturday.
Powerball Double Play: 9:59 p.m. Monday, Wednesday and Saturday.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Missouri editor. You can send feedback using this form.

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Missouri

Lane of I-70 near St. Charles Road closes for emergency repairs

Published

1 day ago

May 4, 2026

Press Room

Lane of I-70 near St. Charles Road closes for emergency repairs

One lane of a portion of eastbound Interstate 70 in Columbia will close overnight for emergency pavement repairs, according to the Missouri Department of Transportation.

The closure will begin at 3 p.m. on Monday for the right lane at St. Charles Road, near mile marker 131, and will be reopened Tuesday morning when repairs are complete, according to the news release.

The area is the site of ongoing construction as part of MoDOT’s Improve I-70 Program. Construction crews tore down the St. Charles Road bridge over I-70 last month so a new bridge that’s wide enough to accommodate three lanes of travel each way underneath can be constructed.

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