Loading chat...
TX HJR6
Joint Resolution
Status
2/26/2025
Primary Sponsor
Giovanni Capriglione
Click for details
AI Summary
-
Proposes amending Article VIII of the Texas Constitution to prohibit the legislature from imposing any tax on realized or unrealized capital gains for individuals, families, estates, or trusts
-
Prohibits taxes on the sale or transfer of capital assets that would be payable by the seller or transferor
-
Preserves the state's ability to impose ad valorem property taxes, retail sales taxes on goods and services, and use taxes on storage or consumption of goods purchased at retail
-
Requires voter approval at an election scheduled for November 4, 2025
-
Ballot language will allow voters to vote for or against prohibiting capital gains taxation at the state level
Legislative Description
Proposing a constitutional amendment prohibiting the imposition of a tax on the realized or unrealized capital gains of an individual, family, estate, or trust.
Taxation
Last Action
Laid on the table subject to call
4/28/2025