Approved

Texas Proposition 3, Prohibit Taxes on Wealth or Internet Value Modification (2023)

Texas Proposition 3, the Prohibit Taxes on Wealth or Internet Value Modification, is on the poll in Texas as a legislatively referred constitutional modification on November 7, 2023.[1]

A “sure” vote helps amending the Texas Structure to ban the Legislature from enacting a wealth or internet value tax sooner or later.

A “no” vote opposes amending the Texas Structure to ban the Legislature from enacting a wealth or internet value tax sooner or later.

Overview

What would Proposition 3 do?

See additionally: Textual content of measure

Proposition 3 would add language to the Texas Structure to ban the state legislature from imposing a tax primarily based on the wealth or internet value of a person or household. As of 2023, no state had adopted a wealth tax. In 2019, Texans accredited Proposition 4 to ban the state legislature from adopting a state earnings tax.[2]

What’s the historical past of state private earnings tax in Texas?

See additionally: Associated Texas poll measures

As of 2023, Texas is one in every of eight states with no private earnings tax. In 2019, Texans accredited Proposition 4 with 74% of the vote to ban the state from levying an earnings tax on people to the Texas Structure, which requires a two-thirds legislative vote and a statewide referendum to amend. Earlier than Proposition 4, the state structure required the state legislature to place laws enacting an earnings tax earlier than voters as a statewide referendum, which voters may approve or reject. Inserting a referendum earlier than voters required a easy majority vote (50%+1) in every legislative chamber.

Who helps and opposes the modification?

State Rep. Cole Hefner (R-5) was the first sponsor of the modification. All Republican legislators voted in favor of the modification.[1]

Each Texan and Texas American Federation of Lecturers registered in opposition to the modification.[3]

Textual content of measure

Poll title

The poll title is as follows:[2]

The constitutional modification prohibiting the imposition of a person wealth or internet value tax, together with a tax on the distinction between the belongings and liabilities of a person or household.[4]

Constitutional adjustments

See additionally: Article 8, Texas Structure

The poll measure would add a Part 25 to Article 8 of the Texas Structure. The next underlined textual content could be added:[2]

Sec. 25. The legislature might not impose a tax primarily based on the wealth or internet value of a person or household, together with a tax primarily based on the distinction between the belongings and liabilities of a person or household.[4]

Assist

Ballotpedia has not positioned a marketing campaign in assist of the poll measure. You’ll be able to share marketing campaign data or arguments, together with supply hyperlinks for this data, with us at editor@ballotpedia.org.

Supporters

Arguments

You’ll be able to share marketing campaign data or arguments, together with supply hyperlinks for this data, at editor@ballotpedia.org

Opposition

Opponents

  • Each Texan