Bill > SJR96

This joint resolution proposes a constitutional amendment for the state of Missouri that would prohibit the taxation of unrealized gains, which are increases in the value of an asset that have not yet been sold. Specifically, the resolution aims to add a new section (4(e)) to Article X of the Missouri Constitution, stating that no taxes can be imposed on gains that have accumulated on an asset before it is actually sold. The proposed amendment would be submitted to Missouri voters for adoption or rejection at the next general election in November 2026, or potentially at a special election called by the governor. By enshrining this prohibition in the state constitution, the resolution seeks to prevent future attempts to tax the theoretical increase in an asset's value before it is converted to actual cash through a sale.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=182