Texans to Vote on Constitutional Changes
Today is the last day of early voting, and Election Day is November 4. Texans will be voting on a handful of constitutional amendments that could help boost the finance industry in the state.
In Dallas, a Texas stock exchange could be opening for trading as soon as next year, building out the growing financial hub in Dallas – dubbed Y’all Street. State lawmakers are heavily invested in this project.
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 of practice at the University of Texas San Antonio, discussed these proposals.
Texas Standard: Let’s start with Proposition 2...
Author's summary: Texans vote on constitutional changes to boost finance industry.