Texas proposes a constitutional amendment to prevent the legislature from imposing an occupation tax on entities involved in securities transactions.
The proposed constitutional amendment in Texas aims to restrict the state legislature from enacting laws that impose an occupation tax on registered securities market operators or a tax on securities transactions conducted by these operators. The amendment defines "registered securities market operator" and "securities transaction" based on federal securities laws.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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