Proposing a constitutional amendment to prohibit taxes on capital gains for individuals, families, estates, and trusts in Texas.

This bill proposes a constitutional amendment to prevent the Texas legislature from imposing taxes on realized or unrealized capital gains for individuals, families, estates, or trusts. It specifies that this prohibition does not extend to ad valorem taxes on property, sales taxes on retail goods or services, or use taxes on goods or services consumed in Texas. The amendment will be presented to voters in the November 4, 2025 election.

Proposing a constitutional amendment to prohibit taxes on capital gains for individuals, families, estates, and trusts in Texas.

This bill proposes a constitutional amendment to prevent the Texas legislature from imposing taxes on realized or unrealized capital gains for individuals, families, estates, or trusts. It specifies that this prohibition does not extend to ad valorem taxes on property, sales taxes on retail goods or services, or use taxes on goods or services consumed in Texas. The amendment will be presented to voters in the November 4, 2025 election.