CoinVoice has recently learned that, according to Fortune magazine, a bill that was finally approved in Missouri on Wednesday will suspend personal Capital Gains Tax this year, making the state the first in the U.S. to exempt capital gains tax. Investors who profit from selling stocks, real estate, and encryption assets will be exempt from income tax. If state government revenues continue to rise, the corporate Capital Gains Tax may eventually be eliminated.

Capital gains refer to the profits obtained from the sale of assets such as stocks, cryptocurrencies, or real estate. The federal government imposes a long-term capital gains tax on assets held for more than one year, with a rate lower than ordinary income.