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PROPOSITION 6: Ban on Securities Transaction Tax (HJR 4)
How to use this guide On Tuesday, November 4, 2025, Texans will vote on 17 proposed changes to the state constitution. This guide sticks to the facts. For each proposition you’ll see the ballot caption, what a yes vote would do, background and context, fiscal impact, and the main arguments on both sides. Where a change needs follow-up laws to take effect, we note that.Texas adopted its...