Bill Text: TX HB3970 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the exemption from ad valorem taxation of mineral interests having a value of less than a certain amount.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-03-20 - Referred to Ways & Means [HB3970 Detail]
Download: Texas-2023-HB3970-Introduced.html
88R4103 MLH-D | ||
By: Cook | H.B. No. 3970 |
|
||
|
||
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. Section 11.146, Tax Code, is amended to read as | ||
follows: | ||
Sec. 11.146. MINERAL INTEREST HAVING VALUE OF LESS THAN | ||
$5,000 [ |
||
taxation of each [ |
||
[ |
||
SECTION 2. The change in law made by this Act applies only | ||
to a tax year beginning on or after January 1, 2024. | ||
SECTION 3. This Act takes effect January 1, 2024. |