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A JOINT RESOLUTION
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proposing a constitutional amendment prohibiting the imposition of |
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an individual net worth or wealth tax. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 25 to read as follows: |
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Sec. 25. The legislature may not impose a tax based on the |
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wealth or net worth of an individual or family, including a tax |
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based on the difference between the assets and liabilities of an |
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individual or family. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 7, 2023. |
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The ballot shall be printed to permit voting for or against the |
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proposition:"The constitutional amendment prohibiting the |
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imposition of an individual wealth or net worth tax, including a tax |
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on the difference between the assets and liabilities of an |
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individual or family." |