Missouri REALTORS® Legislative Win: Capital Gains Tax Exemption
On July 10, 2025, Governor Mike Kehoe signed House Bill 594 into law, delivering a major win for Missouri taxpayers and the real estate industry. Beginning January 1, 2025, individuals will be able to deduct 100% of capital gains reported on their federal tax return from their Missouri taxable income.
This means no state income tax on capital gains from:
This legislation was a top priority for Missouri REALTORS®, and your advocating efforts made it happen. We worked closely with lawmakers and testified in support of HB 594 throughout the legislative process.
Congratulations, Missouri REALTORS®!
This is a landmark achievement that will benefit your clients and the Missouri economy.
Please note: Missouri REALTORS® does not provide financial or legal advice. For questions about how this law may affect your personal or business tax situation, we strongly encourage you to consult with a qualified accountant or tax professional.
For general questions about the legislation or its impact on the real estate industry, please contact Erin Hervey, Vice President, Government Affairs & Local Board Relations or visit Missouri REALTORS® Legislative Priorities and Updates page.