Proposing a constitutional amendment to prohibit Texas from taxing capital gains.
Texas SJR18 proposes a constitutional amendment to prevent the state from imposing taxes on realized or unrealized capital gains of individuals, families, estates, or trusts. This includes taxes on the sale or transfer of capital assets. The amendment does not affect 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 voted on by Texas voters on November 4, 2025.
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- Impact
- Legal Framework
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