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House advances HJR 4 to bar securities-transaction taxes after floor debate and failed amendments
Summary
House Joint Resolution 4, proposing a constitutional amendment to prohibit taxes on securities transactions and occupation taxes on securities market operators, was debated and adopted by the Texas House after floor votes rejected several amendments.
House Joint Resolution 4, proposing a constitutional amendment to prohibit the Legislature from imposing taxes on securities transactions or imposing an occupation tax on registered securities market operators, was debated on the House floor and adopted by the chamber.
The measure’s author, Representative Meyer, told members HJR 4 would bar what supporters called potential ‘‘financial transaction’’ taxes and would be placed on the November 4, 2025, ballot for voter approval. Representative Meyer moved passage after explaining the resolution.
Representative Ana-Maria Rodriguez Ramos (identified in the debate as Rodriguez Ramos) offered a sequence of amendments aimed at carving out exceptions or limiting the ban. Her first amendment would have exempted the ban for transactions…
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