Proposing a constitutional amendment prohibiting the imposition of a tax on the realized or unrealized capital gains of an individual, family, estate, or trust.

HJR 6 proposes a constitutional amendment to prohibit Texas from taxing capital gains - profits from investments like stocks or real estate - whether the gains are realized (from a sale) or unrealized (while the asset is held). It directly affects individuals, families, estates, and trusts that earn investment income. The amendment explicitly excludes property taxes, sales taxes, and use taxes on goods/services from this prohibition. If approved by voters in November 2025, it would require future Texas legislation to comply with this constitutional restriction.