Bill Text: TX HJR38 | 2017 | 85th Legislature 1st Special Session | Engrossed
Bill Title: Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation precious metal held in the Texas Bullion Depository.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Engrossed - Dead) 2017-08-04 - Received from the House [HJR38 Detail]
Download: Texas-2017-HJR38-Engrossed.html
| By: Capriglione, Flynn, Springer | H.J.R. No. 38 | |
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| proposing a constitutional amendment authorizing the legislature | ||
| to exempt from ad valorem taxation precious metal held in the Texas | ||
| Bullion Depository. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article VIII, Texas Constitution, is amended by | ||
| adding Section 1-p to read as follows: | ||
| Sec. 1-p. The legislature by general law may exempt from ad | ||
| valorem taxation precious metal held in the Texas Bullion | ||
| Depository. The legislature by general law may define "precious | ||
| metal" for purposes of this section. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 6, 2018 | ||
| . | ||
| The ballot shall be printed to provide for voting for or against the | ||
| proposition: "The constitutional amendment authorizing the | ||
| legislature to exempt from ad valorem taxation precious metal held | ||
| in the Texas Bullion Depository." | ||
