Tex. Const. art. VIII, § 24-b · Article 8. TAXATION AND REVENUE
CAPITAL GAINS TAX PROHIBITED.
Text — Current through the amendments approved by voters in November 2025
(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.
Notes and commentary — not constitutional text
History
(Added Nov. 4, 2025.)
Source of truth
- Edition
- Current through the amendments approved by voters in November 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8.htm
- Text hash
- sha256 12458d6090fb95e78c8f289066d34f99bca8992093e89dc13cc0827db406c94a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.