HJR 6 (SJR 18) - No Capital Gains Tax

HJR 6 strengthens Texas’ pro-growth tax structure by constitutionally banning any tax on capital gains, whether realized or unrealized. This protects individuals, families, and small businesses from future efforts to tax investment income, which could stifle entrepreneurship, savings, and job creation. By providing long-term tax certainty, the amendment helps Texas maintain its competitive edge as a destination for investors and businesses. For these reasons, TFR supports HJR 6.