Texas § CN.24-b - CAPITAL GAINS TAX PROHIBITED
Full text of Texas The Texas Constitution § CN.24-b — CAPITAL GAINS TAX PROHIBITED, with citation guidance and answers to common questions.
§ CN.24-b. CAPITAL GAINS TAX PROHIBITED
CAPITAL GAINS TAX PROHIBITED. (a) Subject to Subsection (b) of this section, the legislature may not impose a tax on the realized or unrealized capital gains of an individual, family, estate, or trust, including a tax on the sale or transfer of a capital asset that is payable by the individual, family, estate, or trust selling or transferring the asset. (b) This section may not be construed as modifying the applicability or prohibiting the imposition or change in the rate of: (1) an ad valorem tax on property; (2) a sales tax on the sale of goods or services; or (3) a use tax on the storage, use, or other consumption in this state of goods or services. (Added Nov. 4, 2025.)
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § CN.24-b
What does The Texas Constitution § CN.24-b cover?
Section CN.24-b ("CAPITAL GAINS TAX PROHIBITED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § CN.24-b?
A common citation format is "The Texas Constitution § CN.24-b" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § CN.24-b apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.