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1 | - | By: Capriglione, Flynn, Springer H.J.R. No. 38 | |
1 | + | 85S10685 SMT-F | |
2 | + | By: Capriglione H.J.R. No. 38 | |
2 | 3 | ||
3 | 4 | ||
4 | 5 | A JOINT RESOLUTION | |
5 | 6 | proposing a constitutional amendment authorizing the legislature | |
6 | 7 | to exempt from ad valorem taxation precious metal held in the Texas | |
7 | 8 | Bullion Depository. | |
8 | 9 | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
9 | 10 | SECTION 1. Article VIII, Texas Constitution, is amended by | |
10 | 11 | adding Section 1-p to read as follows: | |
11 | 12 | Sec. 1-p. The legislature by general law may exempt from ad | |
12 | 13 | valorem taxation precious metal held in the Texas Bullion | |
13 | 14 | Depository. The legislature by general law may define "precious | |
14 | 15 | metal" for purposes of this section. | |
15 | 16 | SECTION 2. This proposed constitutional amendment shall be | |
16 | - | submitted to the voters at an election to be held November 6, 2018 | |
17 | - | . | |
17 | + | submitted to the voters at an election to be held November 7, 2017. | |
18 | 18 | The ballot shall be printed to provide for voting for or against the | |
19 | 19 | proposition: "The constitutional amendment authorizing the | |
20 | 20 | legislature to exempt from ad valorem taxation precious metal held | |
21 | 21 | in the Texas Bullion Depository." |