According to Fortune magazine, the Missouri House of Representatives passed a bill on May 7 to completely exempt capital gains tax on assets such as stocks, cryptocurrencies, and real estate, making it the first state in the United States to implement such a policy. The bill has been submitted to Republican Governor Mike Kehoe for signing, who has expressed "strong support." If enacted, individual investors will be tax-exempt starting in 2025, while corporate tax exemptions will be gradually implemented based on revenue growth.