Summary
On November 4, Texans will vote on 17 constitutional amendments, focusing primarily on taxation. Eight of these amendments aim to change how taxes work in the state, including proposals to ban certain taxes and increase tax exemptions. Governor Greg Abbott supports these changes as part of efforts to reduce taxes in Texas.
Key Facts
- Texans will decide on 17 constitutional amendments in a vote on November 4.
- Eight of these amendments focus on taxation issues in Texas.
- Texas Proposition 2 aims to prohibit a state capital gains tax on individuals, estates, and trusts.
- Texas Proposition 7 would allow property tax exemptions for surviving spouses of veterans who died from service-related diseases.
- Texas Proposition 8 seeks to ban taxes on estate transfers, inheritances, and gifts.
- Texas Proposition 9 proposes a $125,000 tax exemption for personal property used for earning income.
- Texas Proposition 10 would allow property tax exemptions for improvements to homes damaged by fire.
- Texas Proposition 11 and Proposition 13 propose increasing homestead tax exemptions for the elderly, disabled, and all homeowners.
