HB 128

84(R) - 2015
House Ways & Means
House Ways & Means

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Neutral


Craig Goldman


John Cyrier

Bill Caption

Relating to the exemption from ad valorem taxation of mineral interests having a value of less than a certain amount.

Fiscal Notes

A fiscal note dated April 27 anticipates a negative two-year net impact to General Revenue Related Funds of $1,081,000 through the biennium ending August 31, 2017.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

Bill Analysis

House Bill 128 would amend Section 11.146 of the Tax Code relating to an exemption for mineral interest having value of less than $500 in order to increase the exemption to less than $2,000.

Vote Recommendation Notes

According to the statement of purpose for House Bill 128, the property tax exemption for certain mineral interests was adopted 2 decades ago. Two decades later, with many more mineral accounts on the tax roll and the effect of inflation, this limit is outdated.
House Bill 128, by increasing this already existing exemption, would not only give some relief to property owners of mineral interest, but would also raise the limit to the point where it is actually worth collecting the tax for a taxing district. As a consequence, we support House Bill 128.