SJR 18 - No Capital Gains Tax

SJR 18 is a proposed constitutional amendment that would ban the imposition of a capital gains tax in Texas. By protecting individuals, families, estates, and trusts from this tax, the amendment helps families build generational wealth, save for retirement, and invest in their futures without fear of government overreach. This measure promotes economic growth, encouraging business expansion, entrepreneurship, and job creation. Additionally, it prevents future tax burdens that could discourage investment and make it harder for families to pass down assets to future generations. For these reasons, TFR supports SJR 18.