Section 11.146 - Mineral Interest Having Value of Less Than $500(a) A person is entitled to an exemption from taxation of a mineral interest the person owns if the interest has a taxable value of less than $500.(b) The exemption provided by Subsection (a) applies to each separate taxing unit in which a person owns a mineral interest and, for the purposes of Subsection (a), all mineral interests in each taxing unit are aggregated to determine value.Added by Acts 1995, 74th Leg., ch. 296, Sec. 1, eff. Jan. 1, 1996.