Ballot initiatives approved by Texas voters on November 4 banned the imposition of state estate and inheritance taxes, and tax on unrealized capital gains. Proposition 8, the measure that bans estate/inheritance taxes, was a constitutional amendment. Proposition 2, also a constitutional amendment, forbids imposition of tax on gains in the value of capital assets when those gains have not been realized (the asset sold).
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Texas Voters Ban Estate/Inheritance, Unrealized Capital Gains Taxes
By NAIFA on 11/17/25 9:46 AM
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