This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.

  85R2809 SMT-D
 
  By: Goldman H.B. No. 302
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the exemption from ad valorem taxation of mineral
  interests having a value of less than a certain amount.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  The heading to Section 11.146, Tax Code, is
  amended to read as follows:
         Sec. 11.146.  MINERAL INTEREST HAVING VALUE OF LESS THAN
  $2,000 [$500].
         SECTION 2.  Section 11.146(a), Tax Code, is amended to read
  as follows:
         (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 $2,000 [$500].
         SECTION 3.  This Act applies only to a tax year beginning on
  or after the effective date of this Act.
         SECTION 4.  This Act takes effect January 1, 2018.