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Tex. Const. art. VIII, § 29 – Transfer Tax on Transaction Conveying Fee Simple Title to Real Property Prohibited | Midpage
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Texas Constitution
VIII
§ 29
Tex. Const. art. VIII, § 29
Transfer Tax on Transaction Conveying Fee Simple Title to Real Property Prohibited
Effective Nov 3, 2015
(Added Nov. 3, 2015.)
State of Texas
(a) After January 1, 2016, no law may be enacted that imposes a transfer tax on a transaction that conveys fee simple title to real property.
(b) This section does not prohibit:
(1) the imposition of a general business tax measured by business activity;
(2) the imposition of a tax on the production of minerals;
(3) the imposition of a tax on the issuance of title insurance; or
(4) the change of a rate of a tax in existence on January 1, 2016.
(Added Nov. 3, 2015.)