Bill Text: TX HJR95 | 2019-2020 | 86th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation precious metal held in a precious metal depository located in this state.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Enrolled - Dead) 2019-05-24 - Filed with the Secretary of State [HJR95 Detail]
Download: Texas-2019-HJR95-Comm_Sub.html
Bill Title: Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation precious metal held in a precious metal depository located in this state.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Enrolled - Dead) 2019-05-24 - Filed with the Secretary of State [HJR95 Detail]
Download: Texas-2019-HJR95-Comm_Sub.html
By: Capriglione (Senate Sponsor - Fallon) | H.J.R. No. 95 | |
(In the Senate - Received from the House May 1, 2019; | ||
May 3, 2019, read first time and referred to Committee on Property | ||
Tax; May 17, 2019, reported favorably by the following vote: | ||
Yeas 5, Nays 0; May 17, 2019, sent to printer.) | ||
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proposing a constitutional amendment authorizing the legislature | ||
to exempt from ad valorem taxation precious metal held in a precious | ||
metal depository located in this state. | ||
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 a precious metal depository | ||
located in this state. The legislature by general law may define | ||
"precious metal" and "precious metal depository" for purposes of | ||
this section. | ||
SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 5, 2019. | ||
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 a precious metal depository located in this state." | ||
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