88R13335 MLH-D     By: Dorazio H.B. No. 4306       A BILL TO BE ENTITLED   AN ACT   relating to a study by the attorney general on the feasibility of   linking debit card transactions to bullion in the Texas Bullion   Depository.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  DEFINITIONS. In this Act:                (1)  "Bullion" has the meaning assigned by Section   2116.001, Government Code.                (2)  "Depository" means the Texas Bullion Depository   established under Chapter 2116, Government Code.          SECTION 2.  STUDY. (a)  The attorney general shall conduct a   study on the feasibility of a program that provides for debit cards   to be able to be used in transactions linked to and accounted for by   bullion in the depository.          (b)  In conducting the study, the attorney general shall   examine:                (1)  whether certain state and local taxes would apply   to transactions made through the program;                (2)  how the state might protect participants in the   program from federal attempts to tax the bullion as currency; and                (3)  any other considerations necessary for the   operation of the program.          (c)  The attorney general shall solicit and accept input from   the public in conducting the study.          (d)  The attorney general may collaborate with the   appropriate standing committees of the house of representatives and   the senate in conducting the study.          SECTION 3.  REPORT. Not later than May 31, 2024, the   attorney general shall submit to the governor, the comptroller, and   the speaker of the house of representatives a written report on the   study required under this Act that includes any legislative   recommendations based on the study.          SECTION 4.  EXPIRATION. This Act expires June 1, 2024.          SECTION 5.  EFFECTIVE DATE.  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, 2023.