Texas § TX.11.141 - PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY
Full text of Texas The Texas Constitution § TX.11.141 — PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY, with citation guidance and answers to common questions.
§ TX.11.141. PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY
PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY. (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). Added by Acts 2019, 86th Leg., R.S., Ch. 459 (H.B. 2859 ), Sec. 1, eff. January 1, 2020.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TX.11.141
What does The Texas Constitution § TX.11.141 cover?
Section TX.11.141 ("PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § TX.11.141?
A common citation format is "The Texas Constitution § TX.11.141" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TX.11.141 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.