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Proposition 6 – HJR 4 – Explained in ASL
“The constitutional amendment prohibiting the legislature from enacting a law imposing an occupation tax on certain entities that enter into transactions conveying securities or imposing a tax on certain securities transactions.”
Visual Description: A man is seated at a wooden table against a plain off-white background. He has light brown skin, a bald head, and a neatly trimmed beard. He is wearing clear-framed glasses, a black short-sleeve shirt, and a black smartwatch on his left wrist.
Context: Blocks Texas from creating new taxes on stock market and securities transactions or on the companies, brokers, and exchanges that handle them. Other taxes such as sales tax, insurance premiums, and business taxes are still allowed. Votes yes means Texas cannot add a special tax on securities trades or exchanges. Votes no means lawmakers could add such a tax in the future.
For More Information: https://ballotpedia.org/Texas_Proposition_6,_Prohibit_Taxes_on_Certain_Securities_Transactions_Amendment_(2025)