{"data":{"id":"us-tx/tex.-tax-code-11.141","jurisdiction":"us-tx","citation":"Tex. Tax Code § 11.141","heading":"PRECIOUS METAL HELD IN PRECIOUS METAL DEPOSITORY.","body":"(a) For purposes of this section:\n(1) \"Precious metal\" has the meaning assigned by Section 2116.001, Government Code.\n(2) \"Precious metal depository\" means a depository that:\n(A) is primarily engaged in the business of providing precious metal storage to the general public; and\n(B) maintains sufficient insurance to cover precious metal deposited in the depository.\n(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.\n(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).\nAdded by Acts 2019, 86th Leg., R.S., Ch. 459 (H.B. 2859), Sec. 1, eff. January 1, 2020.","path":["TAX CODE","TITLE 1. PROPERTY TAX CODE","SUBTITLE C. TAXABLE PROPERTY AND EXEMPTIONS","CHAPTER 11. TAXABLE PROPERTY AND EXEMPTIONS","SUBCHAPTER B. EXEMPTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/TX/htm/TX.11.htm#11.141","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"541f67f4a2795161df597fc75432b831ecd1612a237290780b96edec8d17bb67","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-11.14","next":"us-tx/tex.-tax-code-11.145"},"notice":"GroundRules: Original legal text. Not legal advice."}