HJR 4 – Ban on financial transaction taxes

HJR 4 protects investors and financial markets by amending the Texas Constitution to prohibit new taxes on securities transactions or on the institutions that process them. By doing so, it safeguards retirement accounts and public pensions from decreased returns caused by higher transaction costs. The measure ensures Texas remains an attractive state for financial operations by rejecting burdensome taxation that could drive business away. For these reasons, TFR supports HJR 4.