Florida Plans to Scrap Capital Gains Tax on Bitcoin & Stocks
Florida lawmakers are proposing a bold move: eliminating the state capital gains tax on digital assets like Bitcoin and XRP, along with traditional stocks. The goal is clear—make Florida one of the most attractive destinations for investors in the U.S.
While Florida already lacks a state income tax, this proposal would go a step further by ensuring that profits from the sale of cryptocurrencies and equities would not be subject to capital gains tax at the state level. This includes assets like Bitcoin ($BTC ), XRP ($XRP ), Ethereum ($ETH ), and stocks traded on the NASDAQ or NYSE.
This tax reform would not impact federal capital gains taxes, which are still collected by the IRS. But at the state level, it could lead to significant savings for traders and long-term investors.
