Bill > SJR3

This joint resolution proposes a constitutional amendment to the Missouri state constitution that would prohibit the taxation of unrealized gains. Specifically, the resolution aims to add a new section (4(e)) to Article X of the state constitution, which would prevent the state from imposing taxes on any increase in asset value that has not yet been realized through a sale. In practical terms, this means that if an asset (such as stocks, real estate, or other investments) increases in value but is not sold, the owner would not be subject to taxation on that potential gain. The proposed amendment would be submitted to Missouri voters for approval at the next general election in November 2026, or potentially at a special election called by the governor. If approved by voters, this amendment would permanently prevent the state from implementing taxes on unrealized gains, providing potential tax protection for investors and asset owners.

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=E1&BillID=18267448