Missouri SJR96 proposes a constitutional amendment to prohibit taxing unrealized gains on assets.
Missouri SJR96 seeks to amend the state constitution to prevent the taxation of unrealized gains on any asset before it is sold. This measure aims to protect individuals and businesses from being taxed on potential profits that have not yet been realized through a sale. The amendment would add a new section to Article X of the Missouri Constitution, ensuring that no taxes are imposed on unrealized gains accrued on any asset prior to its sale.
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