Amend CSSB 841 as follows:
      Add a new SECTION ____ to read as follows:  Section 11.146,
Tax Code is amended to read as follows:
      Section 11.146.  MINERAL INTEREST <HAVING> VALUE <OF LESS
THAN $500>.
      <(a)  A person is entitled to an exemption from taxation of a
mineral interest the person owns if the interest has a taxable
value of less than $500.> The market value of a mineral interest
may not exceed its net taxable value according to the previous
calendar year total of the Texas Monthly Report of Taxable Crude
Oil, Producer Liability, and Texas Report of Natural Gas -
Supplement, Net Taxable Value as determined by the comptroller
pursuant to regulations adopted under Chapters 201 and 202.
      <(b)  The exemption provided by Subsection (a) applies to
each separate taxing unit in which a person owns a mineral interest
and, for the purpose of Subsection (a), all mineral interests in
each taxing unit are aggregated to determine value.>