Bill Text: TX SJR18 | 2025-2026 | 89th Legislature | Enrolled

---

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

Sponsorship: Partisan Bill (Republican 9)

Status: (Passed) 2025-05-07 - Filed with the Secretary of State [SJR18 Detail]

Download: Texas-2025-SJR18-Enrolled.html

---

S.J.R. No. 18

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 modifying the
applicability or prohibiting the imposition or change in the rate
of:
(1) an ad valorem tax on property;
(2) a sales tax on the sale of goods or services; or
(3) a use tax on the storage, use, or other consumption
in this state of goods or services.
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."
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.J.R. No. 18 was adopted by the Senate
on March 18, 2025, by the following vote: Yeas 24, Nays 6; and that
the Senate concurred in House amendment on May 5, 2025, by the
following vote: Yeas 25, Nays 6.
______________________________
Secretary of the Senate
I hereby certify that S.J.R. No. 18 was adopted by the House,
with amendment, on April 28, 2025, by the following vote: Yeas 104,
Nays 26, eleven present not voting.
______________________________
Chief Clerk of the House
Received:
______________________________
Date
______________________________
Secretary of State