Prohibits the taxation of unrealized gains

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prohibits the taxation of unrealized gains

The following summaries of this bill are available: Print All Summaries Senate Committee Substitute Print SCS/SJRs 68 & 96 - This constitutional amendment, if approved by the voters, prohibits any taxes from being imposed on any unrealized gains accrued on any asset prior to the sale of such asset.

What This Bill Does

• The following summaries of this bill are available: Print All Summaries Senate Committee Substitute Print SCS/SJRs 68 & 96 - This constitutional amendment, if approved by the voters, prohibits any taxes from being imposed on any unrealized gains accrued on any asset prior to the sale of such asset.
• This amendment is identical to SJR 53 (2025).
• JOSH NORBERG Introduced Print SJR 68 - This constitutional amendment, if approved by the voters, prohibits any taxes from being imposed on any unrealized gains accrued on any asset prior to the sale of such asset.
• This amendment is identical to SJR 53 (2025).

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

The following summaries of this bill are available:

Print All Summaries

Senate Committee Substitute

Print

SCS/SJRs 68 & 96 - This constitutional amendment, if approved by the voters, prohibits any taxes from being imposed on any unrealized gains accrued on any asset prior to the sale of such asset.

This amendment is identical to SJR 53 (2025).
JOSH NORBERG

Introduced

Print

SJR 68 - This constitutional amendment, if approved by the voters, prohibits any taxes from being imposed on any unrealized gains accrued on any asset prior to the sale of such asset.

This amendment is identical to SJR 53 (2025).
JOSH NORBERG

Current Bill Text

5188S.03C
1
SENATE COMMITTEE SUBSTITUTE
FOR
SENATE JOINT RESOLUTIONS NOS. 68 & 96
JOINT RESOLUTION
Submitting to the qualified voters of Missouri, an
amendment to article X of the Constitution of
Missouri, by adding thereto one new section relating
to taxation.

Be it resolved by the Senate, the House of Representatives concurring therein:
That at the next general election to be held in the
state of Missouri, on Tuesday next following the first Monday
in November, 2026, or at a special election to be called by
the governor for that purpose, there is hereby submitted to
the qualified voters of this state, for adoption or
rejection, the following amendment to article X of the
Constitution of the state of Missouri:
Section A. Article X, Constitution of Missouri, is amended
by adding thereto one new section, to be known as section 4(e),
to read as follows:
Section 4(e). Notwithstanding any provision of this
article to the contrary, no taxes shall be imposed on any
unrealized gains accrued on any asset prior to the sale of
such asset.