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Texas voters have decided to ban taxes on unrealized capital gains.

SJR 18 prevents the Texas state legislature from imposing a tax on unrealized capital gains of individuals, families, estates or trusts.

Ballot language:

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

Live results: Texas propositions for state constitutional amendments

Texans were asked to decide on 17 constitutional amendments in the Nov. 4, 2025 election.

The propositions were passed by the Texas Legislature earlier this year alongside the new state budget.

See live election results as they come in below.

More election results

What was on the ballot?

Texas voters headed to the polls on Nov. 4 to

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