| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R2809 SMT-D | |
| 2 | 2 | By: Goldman H.B. No. 302 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the exemption from ad valorem taxation of mineral | |
| 8 | 8 | interests having a value of less than a certain amount. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. The heading to Section 11.146, Tax Code, is | |
| 11 | 11 | amended to read as follows: | |
| 12 | 12 | Sec. 11.146. MINERAL INTEREST HAVING VALUE OF LESS THAN | |
| 13 | 13 | $2,000 [$500]. | |
| 14 | 14 | SECTION 2. Section 11.146(a), Tax Code, is amended to read | |
| 15 | 15 | as follows: | |
| 16 | 16 | (a) A person is entitled to an exemption from taxation of a | |
| 17 | 17 | mineral interest the person owns if the interest has a taxable value | |
| 18 | 18 | of less than $2,000 [$500]. | |
| 19 | 19 | SECTION 3. This Act applies only to a tax year beginning on | |
| 20 | 20 | or after the effective date of this Act. | |
| 21 | 21 | SECTION 4. This Act takes effect January 1, 2018. |