Texas voters pass Proposition 8 on state inheritance taxes
The Pere Lachaise cemetery during All Saints Day. Many French people, believers or not, have taken the habit of placing flowers on the graves of deceased loved ones on November 1st, the date of the Catholic feast of All Saints, in Paris France on Oct
A ballot measure to prevent future legislative sessions from imposing taxes on an estate or inheritance passed with Texas voters.
Proposition 8, or House Joint Resolution 2, would prevent the Texas Legislature from imposing a tax on an estate because of a person's death, including an inheritance tax or death tax.
Ballot language:
"The constitutional amendment to prohibit the legislature from imposing death taxes applicable to a decedent's property or the transfer of an estate, inheritance, legacy, succession, or gift."
The measure would prohibit imposing a state tax on the transfer of an estate, inheritance or gift from an individual, family member, estate or trust.
Critics of the amendment said the state government should not impose an amendment to prevent something that doesn't currently exist as it could hinder future legislation.
The Source: Information in this article comes from the Texas Secretary of State's Office. Information on HJR133 and its impacts comes from the Texas Legislature.