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Texas voters have decided to ban taxes on unrealized capital gains.Â
SJR 18 prevents the Texas state legislature from imposing a tax on unrealized capital gains of individuals, families, estates or trusts.
Ballot language:
“The constitutional amendment prohibiting the imposition of a tax on the realized or unrealized capital gains of an individual, family, estate, or trust.”
Live results: Texas propositions for state constitutional amendments
Texans were asked to decide on 17 constitutional amendments in the Nov. 4, 2025 election.
The propositions were passed by the Texas Legislature earlier this year alongside the new state budget.
See live election results as they come in below.
More election results What was on the ballot?
Texas voters headed to the polls on Nov. 4 to decide on some statewide issues and local positions.
Every voter in Texas was able to vote on 17 propositions in the Texas Constitutional Amendment Election.
A special election was held to fill the congressional seat held by late Rep. Sylvester Turner in Texas’ 18th Congressional District.
Voters in several counties also had elections for positions and measures that impact their community. That might include bonds, school board trustees, city council positions or bonds impacting utility districts.
The Source: Information in this report came from Texas Legislature Online.