Tex. Tax Code § 11.141 · Subchapter B. EXEMPTIONS
PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For purposes of this section:
(1) "Precious metal" has the meaning assigned by Section 2116.001, Government Code.
(2) "Precious metal depository" means a depository that:
(A) is primarily engaged in the business of providing precious metal storage to the general public; and
(B) maintains sufficient insurance to cover precious metal deposited in the depository.
(b) A person is entitled to an exemption from taxation of the precious metal that the person owns and that is held in a precious metal depository located in this state, regardless of whether the precious metal is held or used by the person for the production of income.
(c) Notwithstanding Section 11.14(c), the governing body of a taxing unit may not provide for the taxation of precious metal exempted from taxation under Subsection (b).
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 459 (H.B. 2859), Sec. 1, eff. January 1, 2020.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.11.htm
- Text hash
- sha256 2c3b69113686cb2f0be9eb6196a9b7ddf1bf5ea46fc0f9166a38400648494d0f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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