83R528 KLA-F
 
  By: Simpson H.B. No. 78
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the exemption from the sales and use tax for certain
  coins and precious metals.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 151.336, Tax Code, is amended to read as
  follows:
         Sec. 151.336.  CERTAIN COINS AND PRECIOUS METALS. [(a)] The
  sale of gold, silver, or numismatic coins or of platinum, gold, or
  silver bullion is exempted from the taxes [sales tax] imposed by
  this chapter [Subchapter C at any sale to a purchaser in which the
  total sales price of all of the items sold equals $1,000 or more].
         [(b)     An item exempt under Subsection (a) is exempt from the
  use tax imposed by Subchapter D to the purchaser until the item is
  subsequently transferred.]
         SECTION 2.  The change in law made by this Act does not
  affect tax liability accruing before the effective date of this
  Act. That liability continues in effect as if this Act had not been
  enacted, and the former law is continued in effect for the
  collection of taxes due and for civil and criminal enforcement of
  the liability for those taxes.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2013.