Bill > SJR53

This resolution proposes a constitutional amendment to be placed on the ballot in Missouri during the general election in November 2026, which would prohibit the taxation of unrealized gains. Unrealized gains refer to increases in the value of an asset that has not yet been sold, meaning the potential profit exists on paper but has not been converted to actual money through a sale. By adding a new section (4(e)) to Article X of the Missouri Constitution, the resolution would explicitly prevent any government entity from imposing taxes on the increased value of assets before they are actually sold. This would effectively protect individuals and potentially businesses from being taxed on theoretical or potential financial gains that have not yet been realized through a transaction. The proposed amendment would be subject to voter approval and, if passed, would become part of the state's constitutional framework, ensuring that unrealized gains cannot be taxed under any circumstances.

Justice

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=2812414