Texas
TX · state · 9 cited facts
| Category | Provision | Value | Source |
|---|---|---|---|
| estate-none | Estate and inheritance tax | None | sources (1)Texas S.B. 752, 84th Legislature (2015), enrolled bill text · high confidence · as of 2026-07-02 · TY 2025 TX inheritance tax chapter (Tax Code ch. 211) repealed effective Sept 1, 2015 SECTION 1. Chapter 211, Tax Code, is repealed. ... SECTION 4. This Act takes effect September 1, 2015. Note: Ellipsis joins two verbatim fragments from the same enrolled bill. Even before the 2015 repeal the chapter was a dormant pickup tax. https://capitol.texas.gov/tlodocs/84R/billtext/html/SB00752F.htm |
| no-tax | Capital gains tax | None Texas Constitution bars a personal income tax on natural persons | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| muni-instate | In-state muni bond interest | Exempt: no Texas state income tax | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| muni-outstate | Out-of-state muni bond interest | Exempt: no Texas state income tax | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| agency-obligations | GSE bond interest (FNMA/FHLMC) | Exempt: no Texas state income tax | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| dividend-qualified | Qualified dividend income | Moot: no Texas state income tax | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| treasury | U.S. Treasury interest | Exempt: no Texas state income tax | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| fhlb-ffcb | FHLB and FFCB bond interest | Exempt: no Texas state income tax | sources (1)Tex. Const. art. VIII, §24 · high confidence · as of 2026-06-10 · TY 2025 Texas Constitution bars a personal income tax on natural persons without voter approval The legislature may not impose a state income tax on the net incomes of natural persons, including a person's share of partnership and unincorporated association income. Note: Tex. Const. art. VIII, §24 was added by voters in 1993 and amended in 2019. Texas has never imposed a personal income tax; capital gains are not taxed. https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.24.htm |
| community-property | Community property state | Community property state: property acquired during marriage is community property (Tex. Fam. Code § 3.002); Texas has no state income tax, so community property classification affects federal filing and estate planning only | sources (1)Tex. Fam. Code § 3.002 · high confidence · as of 2026-06-21 · TY 2025 Texas is a community property state: property acquired during marriage is community property (Tex. Fam. Code § 3.002) 'Community property' means property, other than separate property, acquired by either spouse during marriage. Note: Texas is a community property state; however, Texas has no state income tax (Art. VIII, Sec. 24 of TX Constitution). Community property classification affects federal filing (each spouse reports one-half of community income on federal return) and estate planning, but has no direct TX income tax consequence. https://statutes.capitol.texas.gov/Docs/FA/htm/FA.3.htm#3.002 |