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Texas voters have decided to ban taxes on unrealized capital gains. 

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.”

The Source: Information in this report came from Texas Legislature Online.

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