The Texas Legislature voted to send a constitutional amendment to prohibit any future legislation from enacting a wealth or net worth tax.
This amendment was introduced as House Joint Resolution 132 on March 13, 2023. On May 2, the state House passed HJR 132 by a vote of 101-45 with four not voting. All Republicans in the state House and 16 Democrats voted in favor of the amendment. On May, 19, the state Senate passed HJR 132 by a vote of 22-9. Three Democrats joined the Republican Senate majority.
State Rep. Cole Hefner (R-5) authored the proposal. In the statement of purpose for the amendment, Rep. Hefner said, “[The amendment] would allow the people of Texas to decide whether or not they want a direct say in the possibility of a net worth tax being imposed by the legislature.”
