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Kiplinger
Kiplinger
Business
Kelley R. Taylor

Another State Bans Capital Gains Taxes: Will More Follow in 2026?

Blue zero precent sign.

Much of the attention surrounding the recent November 4 elections centered on key races in states including New York, New Jersey, and Virginia.

However, Texas voters made a move of their own, approving Proposition 2. That amendment to their state constitution will solidify a ban on Texas capital gains taxes, including those on unrealized gains.

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