Constitutional amendment to ban wealth or net worth taxes in Texas headed to November ballot – IOTW Report

Constitutional amendment to ban wealth or net worth taxes in Texas headed to November ballot

Just The News

The Texas Legislature voted to send a constitutional amendment to the ballot to prohibit any future legislation from enacting a wealth or net worth tax.

​​This amendment was introduced as House Joint Resolution 132 on March 13, 2023. On May 2, the state House passed HJR 132 by a vote of 101-45 with four not voting. All Republicans in the state House and 16 Democrats voted in favor of the amendment. On May, 19, the state Senate passed HJR 132 by a vote of 22-9. Three Democrats joined the Republican Senate majority.

State Rep. Cole Hefner (R-5) authored the proposal. In the statement of purpose for the amendment, Rep. Hefner said, “[The amendment] would allow the people of Texas to decide whether or not they want a direct say in the possibility of a net worth tax being imposed by the legislature.”

The Texas American Federation of Teachers and Every Texan registered in opposition to the amendment. No organizations registered in support of the amendment. MORE

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