By West                                                H.B. No. 230
         76R286 KLA-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the sales tax on the sale of certain coins and precious
 1-3     metals.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 151.336(a), Tax Code, is amended to read
 1-6     as follows:
 1-7           (a)  The sale of gold, silver, or numismatic coins or of
 1-8     platinum, gold, or silver bullion is exempted from the sales tax
 1-9     imposed by Subchapter C at any sale to a purchaser in which the
1-10     total sales price of all of the items sold equals $100 [$1,000] or
1-11     more.
1-12           SECTION 2.  (a)  This Act takes effect on the first day of
1-13     the first calendar quarter beginning on or after the date that it
1-14     may take effect under Section 39, Article III, Texas Constitution.
1-15           (b)  The change in law made by this Act does not affect taxes
1-16     imposed before the effective date of this Act, and the law in
1-17     effect before the effective date of this Act is continued in effect
1-18     for purposes of the liability for and collection of those taxes.
1-19           SECTION 3.  The importance of this legislation and the
1-20     crowded condition of the calendars in both houses create an
1-21     emergency and an imperative public necessity that the
1-22     constitutional rule requiring bills to be read on three several
1-23     days in each house be suspended, and this rule is hereby suspended,
1-24     and that this Act take effect and be in force according to its
 2-1     terms, and it is so enacted.