Relating to a study by the attorney general on the feasibility of linking debit card transactions to bullion in the Texas Bullion Depository.
HB 1054 requires the Texas Attorney General to study whether a future program could link debit card transactions to bullion (precious metals) stored in the Texas Bullion Depository. The study must examine potential state/local tax implications for such transactions, strategies to protect participants from federal taxation of bullion as currency, and other legal considerations. It mandates public input and collaboration with legislative committees, with a report due by May 31, 2026. The bill itself does not create the program but sets a framework for evaluating its feasibility, and expires June 1, 2026.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 7, 2025
Last action Mar 7, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Mar 7, 2025
Committee
Referred to Pensions, Investments & Financial Services
lower
Mar 7, 2025
Introduced
Read first time
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Dorazio
RRepublican
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