11/24/2025
TexCo Insurance Agency — Important Update for Texas Families, Property Owners, and Business Owners.
Texas just passed three major constitutional amendments that strengthen financial protection, business planning, and long-term wealth strategies:
1. Proposition 2 — No State Capital Gains Tax
Texas is now constitutionally prohibited from ever taxing your realized or unrealized capital gains. Your investments, property sales, business equity, and trust-based assets remain fully protected from state taxation.
2. Proposition 8 — No Estate or Inheritance Tax
Texas is permanently barred from imposing any state-level estate tax, inheritance tax, or “death tax.” Families keep more generational wealth, and trust/estate planning becomes even more efficient.
3. Proposition 9 — $125,000 Business Personal Property Exemption
Businesses now receive a constitutional exemption for up to $125,000 of taxable personal property used for income production—reducing overhead for equipment, tools, technology, and business-use assets.
These changes directly strengthen insurance planning, estate protection, retirement strategies, and small-business risk management across Texas.
If you need guidance on building a complete protection plan under these new laws, contact TexCo Insurance Agency.
Contact:
[email protected]
956-766-1374
