Texas HB1054 mandates a study by the attorney general on using debit cards linked to bullion in the Texas Bullion Depository.

Texas HB1054 requires the attorney general to study the feasibility of a program allowing debit card transactions linked to bullion in the Texas Bullion Depository. The study will examine tax implications, protection from federal taxation, and other legal considerations. The attorney general must solicit public input and may collaborate with legislative committees. A report with legislative recommendations must be submitted by May 31, 2026. The act expires June 1, 2026, but takes effect immediately if approved by a two-thirds vote.

Texas HB1054 mandates a study by the attorney general on using debit cards linked to bullion in the Texas Bullion Depository.

Texas HB1054 requires the attorney general to study the feasibility of a program allowing debit card transactions linked to bullion in the Texas Bullion Depository. The study will examine tax implications, protection from federal taxation, and other legal considerations. The attorney general must solicit public input and may collaborate with legislative committees. A report with legislative recommendations must be submitted by May 31, 2026. The act expires June 1, 2026, but takes effect immediately if approved by a two-thirds vote.