Bill Text: TX HB128 | 2015-2016 | 84th Legislature | Comm Sub

Texas House Bill 128 (Prior Session Legislation)

Bill Title: Relating to the exemption from ad valorem taxation of mineral interests having a value of less than a certain amount.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-05-13 - Placed on General State Calendar [HB128 Detail]

Download: Texas-2015-HB128-Comm_Sub.html

	84R1401 GRM-D

	By: Goldman, Cyrier	H.B. No. 128



	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, 2016.