Texans to Vote on Securities Sale Tax Ban, Border Wall Tax Break

Texans will vote on an array of tax-related ballot initiatives Nov. 4, led by propositions that would prevent legislators from ever imposing levies on capital gains and securities transactions ahead of the start of operations next year at the new Texas Stock Exchange.

Voters in the tax-averse state will also decide on a series of new property tax breaks, including relief for owners who allow the federal or state government to build fencing or other migration deterrents on their land along the US-Mexico Border.

Proposition 6 (HJR 4) would prohibit the Texas legislature from imposing new taxes ...