By: Fallon S.J.R. No. 62
SENATE JOINT RESOLUTION
proposing a constitutional amendment relating to the authorization
to exempt from ad valorem taxation precious metals.
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 metals held in a depository in this
state.
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 permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature by general law to exempt from ad valorem taxation
bullion, specie or precious metals held in a depository in this
state."