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

This Bill has been combined with SJR 68, please refer to it for current information.

What This Bill Does

• This Bill has been combined with SJR 68, please refer to it for current information.
• The following summaries of this bill are available: Print All Summaries Introduced Print SJR 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

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

This Bill has been combined with SJR 68, please refer to it for current information.

The following summaries of this bill are available:

Print All Summaries

Introduced

Print

SJR 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

Current Bill Text

SECOND REGULAR SESSION
SENATE JOINT RESOLUTION NO. 96
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR NICOLA.
4893S.01I KRISTINA MARTIN, Secretary
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 the taxation of certain assets.
Be it resolved by the Senate, the House of Representatives concurring therein:
That at the next general election to be held in the 1
state of Missouri, on Tuesday next following the first Monday 2
in November, 2026, or at a special election to be called by 3
the governor for that purpose, there is hereby submitted to 4
the qualified voters of this state, for adoption or 5
rejection, the following amendment to article X of the 6
Constitution of the state of Missouri:7
Section A. Article X, Constitution of Missouri, is amended 1
by adding thereto one new section, to be known as section 4(e), 2
to read as follows:3
Section 4(e). Notwithstanding any provision of this 1
article to the contrary, no taxes shall be imposed on any 2
unrealized gains accrued on any asset prior to the sale of 3
such asset. 4
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