Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 89(R)

89(R) SJR 18

 

Senate Joint Resolution 18

For Election: 11-4-25

Senate Author: Perry et al.

Senate Committee: Finance

House Sponsor: Capriglione et al.

House Committee: Ways & Means

 

Senate Joint Resolution 18 proposes an amendment to the Texas Constitution to prohibit the legislature from imposing 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.