Voters in tax-averse Texas closed off any possibility of the state taxing capital gains or securities transactions, ahead of the opening of the Texas Stock Exchange next year.
Those measures were among 10 tax-related ballot initiatives up for consideration Tuesday, with others focused on property tax breaks and relief for residents who cooperate with policies to deter illegal border crossings. Texans have a history of pre-emptively warding off taxes that don’t yet exist, approving a 2019 proposition prohibiting a personal income tax and a 2023 measure outlawing a wealth tax.
Voters Tuesday approved Proposition 6 (HJR 4), ...
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