Missouri

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

Published

8 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

Missouri Lottery Powerball, Pick 3 winning numbers for Jan. 7, 2026

Published

3 hours ago

January 8, 2026

Press Room

The Missouri Lottery offers several draw games for those aiming to win big. Here’s a look at Jan. 7, 2026, results for each game:

Winning Powerball numbers from Jan. 7 drawing

15-28-57-58-63, Powerball: 23, Power Play: 2

Check Powerball payouts and previous drawings here.

Winning Pick 3 numbers from Jan. 7 drawing

Midday: 7-2-8

Midday Wild: 2

Evening: 7-4-8

Evening Wild: 8

Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from Jan. 7 drawing

Midday: 6-0-8-6

Midday Wild: 7

Evening: 7-8-2-6

Evening Wild: 6

Check Pick 4 payouts and previous drawings here.

Winning Cash4Life numbers from Jan. 7 drawing

01-07-30-41-56, Cash Ball: 01

Check Cash4Life payouts and previous drawings here.

Winning Cash Pop numbers from Jan. 7 drawing

Early Bird: 04

Morning: 08

Matinee: 13

Prime Time: 08

Night Owl: 10

Check Cash Pop payouts and previous drawings here.

Winning Show Me Cash numbers from Jan. 7 drawing

03-05-09-10-36

Check Show Me Cash payouts and previous drawings here.

Winning Powerball Double Play numbers from Jan. 7 drawing

28-41-50-61-68, Powerball: 05

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

Jaland Lowe, Jayden Quaintance to start for Kentucky vs Missouri, per report

Published

15 hours ago

January 7, 2026

Press Room

Jaland Lowe, Jayden Quaintance to start for Kentucky vs Missouri, per report

Kentucky basketball fans have seemed to have finally gotten their wish. After receiving a lot of pushback for not making a change to the starting lineup, more specifically not starting Jaland Lowe since returning from injury, Mark Pope is making a change. According to KSR’s Jack Pilgrim, both Lowe and Jayden Quaintance will start in Kentucky’s game against Missouri. Pilgrim reports the two will replace Collin Chandler and Malachi Moreno as starters against Missouri, which will make the lineup Jaland Lowe, Denzel Aberdeen, Otega Oweh, Mo Dioubate and Jayden Quaintance.

It’s a long-time coming for Kentucky fans, as since Jaland Lowe has been back from injury on Dec. 5, he hasn’t started a single game. Even in the games before he wasn’t included in Kentucky’s starting lineup. That’s seven games played with zero starts to show for it, with fans constantly wondering why Lowe has continued to come into the games following the first media timeout after Kentucky has already fallen behind. He’s not the only one being included in the lineup change, with Quaintance starting as well. Quaintance made his debut against St. John’s and has since been working to get acclimated after spending nine months returning from an injury. Now, he’s getting the start, too. We haven’t seen the two on the floor together since Kentucky’s second-half surge to beat St. John’s on Dec. 20.

The chatter around the starting lineup questions has mainly centered around Lowe, as he is clearly the engine of this team. When he’s not in, Kentucky sturggles to have any flow, or identity for that matter. Now, the Wildcats have the opportunity to start the game off fresh instead of it being like the last game where Kentucky fell behind 9-5 before Lowe came in. Mark Pope hinted on his radio show Monday that this development with Lowe was coming, saying “starting is in his future” while also noting that they’re continuing to ‘nurse’ him along. Before that, though, during Kentucky’s 10-day break between the Bellarmine and Alabama games, Pope discussed the reason why Jaland Lowe had not been starting:

“We’re trying to limit his contact and exposure so much in practice that, the thinking behind that is like, let’s protect the integrity of the group that we have getting most of the reps in practice to actually be able to go perform on the court, just to give some continuity.” At the time, Pope wasn’t sure if that was the right way to go about it, but it’s something he said they would continue to be thinking about moving forward. “That might not be the right answer. We’re going to kind of explore that as we go. It also gives you a chance to maybe extend his healthy window, which we’re hoping is going to be the entire season, by not being the headline guy at the beginning of a scout.”

Well, those comments from Pope combined with the pushback from fans has now led to Jaland Lowe finally making his first start as a Kentucky Wildcat. Mark Pope now has real chance for his team to build some momentum with two players on the floor together in Lowe and Quaintance who will hopefully be staying on the floor together and consistently moving forward. This development is going to be what Kentucky fans focus on most against Missouri.

More news on the Wildcats

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Missouri

Missouri Lottery Mega Millions, Pick 3 winning numbers for Jan. 6, 2026

Published

1 day ago

January 7, 2026

Press Room

The Missouri Lottery offers several draw games for those aiming to win big. Here’s a look at Jan. 6, 2026, results for each game:

Winning Mega Millions numbers from Jan. 6 drawing

09-39-47-58-68, Mega Ball: 24

Check Mega Millions payouts and previous drawings here.

Winning Pick 3 numbers from Jan. 6 drawing

Midday: 3-4-8

Midday Wild: 8

Evening: 8-5-7

Evening Wild: 4

Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from Jan. 6 drawing

Midday: 2-0-4-4

Midday Wild: 8

Evening: 1-5-2-7

Evening Wild: 4

Check Pick 4 payouts and previous drawings here.

Winning Cash4Life numbers from Jan. 6 drawing

23-24-32-57-58, Cash Ball: 02

Check Cash4Life payouts and previous drawings here.

Winning Cash Pop numbers from Jan. 6 drawing

Early Bird: 05

Morning: 10

Matinee: 01

Prime Time: 06

Night Owl: 05

Check Cash Pop payouts and previous drawings here.

Winning Show Me Cash numbers from Jan. 6 drawing

02-12-26-29-30

Check Show Me Cash 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

Ticket Redemption

Missouri Lottery

P.O. Box 7777

Jefferson City, MO 65102-7777

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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