Bill Text: TX HJR132 | 2023-2024 | 88th Legislature | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Proposing a constitutional amendment prohibiting the imposition of an individual net worth or wealth tax.

Spectrum: Moderate Partisan Bill (Republican 11-2)

Status: (Passed) 2023-05-24 - Filed with the Secretary of State [HJR132 Detail]

Download: Texas-2023-HJR132-Comm_Sub.html

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By: Hefner, et al. (Senate Sponsor - Hughes) H.J.R. No. 132
(In the Senate - Received from the House May 3, 2023;
May 5, 2023, read first time and referred to Committee on Finance;
May 15, 2023, reported favorably by the following vote: Yeas 13,
Nays 4; May 15, 2023, sent to printer.)
Click here to see the committee vote

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