Texas HB5103 amends the definition of "mineral" and "mineral proceeds" under the Property Code.

Texas HB5103 amends the definition of "mineral" to include oil, gas, uranium, sulphur, lignite, coal, lithium, salt, bromine, and any other substance considered a mineral in the state, regardless of depth or medium. It also redefines "mineral proceeds" to include obligations from mineral production and sale, as well as obligations for acquiring and retaining mineral leases. This act takes effect September 1, 2025.

Texas HB5103 amends the definition of "mineral" and "mineral proceeds" under the Property Code.

Texas HB5103 amends the definition of "mineral" to include oil, gas, uranium, sulphur, lignite, coal, lithium, salt, bromine, and any other substance considered a mineral in the state, regardless of depth or medium. It also redefines "mineral proceeds" to include obligations from mineral production and sale, as well as obligations for acquiring and retaining mineral leases. This act takes effect September 1, 2025.