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Texas Tax Code - TAX § 11.146. Mineral Interest Having Value of Less Than $500

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A person is entitled to an exemption from taxation of a mineral interest the person owns if the interest has a taxable value of less than $500.

(b) The exemption provided by Subsection (a) applies to each separate taxing unit in which a person owns a mineral interest and, for the purposes of Subsection (a), all mineral interests in each taxing unit are aggregated to determine value.

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Cite this article: FindLaw.com - Texas Tax Code - TAX § 11.146. Mineral Interest Having Value of Less Than $500 - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-11-146/

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