| Submit your comments on this article |
| Home Front: Politix |
| Texas cements business-friendly reputation after locking in tax bans |
| 2025-11-11 |
| [FoxBusiness] Texas cements business-friendly reputation with voter-approved tax bans Texas is cementing its reputation as one of the most business-friendly states in America, and now, it’s written into the state's constitution. Voters approved three pro-business tax amendments on Election Day, ensuring that the Lone Star State can never impose taxes on capital gains, estates or inheritances, and certain securities transactions. While Texas doesn't currently levy these taxes, the new constitutional amendments make that tax certainty permanent, sending a signal to investors and corporations that the state’s low-tax structure is here to stay. "These votes make it clear that Texas’ low-tax structure isn’t just policy, it’s now permanent," Carliss Chatman, a law professor at Southern Methodist University's Dedman School of Law, told FOX Business. "Whereas other states try to lure an Amazon or Facebook with temporary tax breaks or incentives, Texas doesn’t have to because we would never charge those taxes anyway. The incentives here are permanent, and now it’s unconstitutional for the state to start taxing you." Here’s what the three measures mean:
|
| Posted by:Skidmark |