Capital gains tax refunds hit Missouri revenue as Senate tries to plug budget holes

By: Rudi Keller

Outlets: Missouri Independent

Published: April 15, 2026

Words: 1,046

Last Updated: 2 months, 2 weeks ago

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A surge of tax refunds tied to Missouri’s capital gains tax cut pushed general revenue collections below last year’s pace, as the Senate Appropriations Committee worked on Tuesday to finalize the state budget for the coming year.

Net general revenue collections for the year fell $10 million between the close of business Friday and the final figures for Monday as $60 million in tax refunds were paid out. When lawmakers approved the capital gains …

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