HJR6 - Proposing a constitutional amendment prohibiting the imposition of a tax on the realized or unrealized capital gains of an individual, family, estate, or trust.

  89R2668 RDS-F     By: Capriglione, Metcalf H.J.R. No. 6       A JOINT RESOLUTION   proposing a constitutional amendment prohibiting the imposition of   a tax on the realized or unrealized capital gains of an individual,   family, estate, or trust.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Article VIII, Texas Constitution, is amended by   adding Section 24-b to read as follows:           Sec.   24-b.     (a)   Subject to Subsection (b) of this section,   the legislature may not impose a tax on the realized or unrealized   capital gains of an individual, family, estate, or trust, including   a tax on the sale or transfer of a capital asset that is payable by   the individual, family, estate, or trust selling or transferring   the asset.           (b)     This section may not be construed as prohibiting the   imposition of:                 (1)  an ad valorem tax on property;                 (2)     a sales tax on the retail sale of goods or   services; or                 (3)     a use tax on the storage, use, or other consumption   in this state of goods or services purchased at retail.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 4, 2025.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment prohibiting the   imposition of a tax on the realized or unrealized capital gains of   an individual, family, estate, or trust."