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.