The bill now awaits the governor’s signature—so it’s basically sitting around like a teenager waiting for their mom to pick them up from soccer practice. 🚗
If this thing goes through, Missouri will become the first U.S. state to exempt Bitcoin gains from capital gains tax. Yes, you read that right: Missouri, not California, not New York, not even Florida. Is it upside down day?
What HB 594 Proposes
HB 594 would update Missouri’s state tax code so residents can finally stop pretending Bitcoin isn’t real money when filing taxes. Missouri wants you to exclude those juicy Bitcoin gains from your adjusted gross income, meaning your state taxes go from “Crypto Nightmare” to “No, Seriously, That’s Fine.” It’s written to cover all digital assets—so if you’re hodling Dogecoin, congrats, you’re also along for the ride.
Crypto fans have apparently noticed. I assume somewhere in a Reddit forum, people are toasting the Missouri State Legislature with Mountain Dew Code Red right now. 🍾
Why This Matters
Capital gains taxes are basically the gym teachers of the tax world: always telling you to work harder and ruining your fun. For crypto traders, they’ve been an Olympic-level hurdle, especially if you trade more than you wash your coffee mug (you know who you are). If Missouri ditches the taxes, they might turn into the Silicon Valley of the Ozarks…Cyber-Branson, anyone?
What’s Next?
The next stop for the bill: the governor’s desk. Will he sign it? Will he finally admit he doesn’t totally understand blockchain? (Stay tuned.) If he puts pen to paper, Missouri will not only make financial history but could start a nation-wide trend that even your uncle with the gold coins collection can’t ignore.
Meanwhile, state politicians everywhere are suddenly Googling “how to spell cryptocurrency” and pretending they invented it. Missouri could be first in a wave of states desperate to attract blockchain bros and actual innovation. Let’s just hope someone remembers their Coinbase password when tax season comes around. 🤞
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2025-05-13 15:05