Texas Voters to Decide on Constitutional Changes
Today is the last day of early voting, and Election Day is November 4. Texans will vote on several constitutional amendments that could boost the state's finance industry.
In Dallas, a Texas stock exchange is expected to open as soon as next year, contributing to the growing financial hub dubbed "Y'all Street". State lawmakers are invested in this development, which is why these amendments are being put to a vote.
Proposition 2
Proposition 2 is an amendment that would add a constitutional prohibition against the state taxing realized or unrealized capital gains for individuals, families, estates, or trusts. Bulent Temel, an assistant professor at the University of Texas San Antonio, discussed this proposal.
Texans will be voting on a handful of constitutional amendments that could help boost the finance industry in the state.
Author's summary: Texans vote on constitutional changes to boost finance industry.
- Early voting ends today
- Election Day is November 4
- Proposition 2 prohibits state taxation of capital gains