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Statewide Amendment 03 - FOR
Texas

Statewide Amendment 03 - FOR

proposition

Texas Prohibit Taxes on Wealth or Net Worth Amendment

(HJR 132): Prohibiting the imposition of an individual wealth or net worth tax, including a tax on the difference between the assets and liabilities of an individual or family.

House Analysis

Assertions

MCTP Position: Source

Submitted by john wertz on 2023-10-01 18:48:05

Major Issues

Texas Scorecard has consolidated the recommendations for voting on the upcoming state constitutional amendments.October 7, 2023

Mark Ramsey 2023 Amendments Analysis - FOR

Pre-emptively bans wealth taxes like some states and federal government considering. Bipartisan support.

JoAnn Fleming's "GRASSROOTS AMERICA We The People" '

"Voters, beware!  You are being used to grow government! Here’s how."

Current Revolt Position

The old “ban the thing that does not exist” trick. Whatever. That type of taxation may not exist in Texas, but it sounds nuts. I guess this is OK?

VERDICT:  GUESS THIS IS OK

MCRP Position

This one is pretty straight forward. A “yes” vote will prohibit the legislature from ever imposing a wealth tax on Texans. Texas passed a constitutional amendment prohibiting the establishment of a personal income tax in 2019. This amendment offers further protection from taxation based on the wealth of an individual.

This amendment was HJR 132 in the regular legislative session.

Recommendation: YES