Texas Constitution Art. 8 sec. 24-a – Individual Income Tax Prohibited
Current as of: 2023 |
Terms Used In Texas Constitution Art. 8 sec. 24-a
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The legislature may not impose a tax on the net incomes of individuals, including an individual’s share of partnership and unincorporated association income.