Texas Tax Code - Section 202.154. Producer To Pay Tax On Oil Not Sold
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Texas Laws > Tax Code > Texas Tax Code - Section 202.154. Producer To Pay Tax On Oil Not Sold
§ 202.154. PRODUCER TO PAY TAX ON OIL NOT SOLD. If the
producer does not sell oil produced in the same month it is
produced, the producer shall pay the tax imposed by this chapter as
if the oil were sold that month. In such a case, the working
interest operator may pay the tax and deduct it from the interest of
other interest holders.
Acts 1981, 67th Leg., p. 1739, ch. 389, § 1, eff. Jan. 1, 1982.
Section: 202.102 202.103 202.104 202.105 202.151 202.152 202.153 202.154 202.155 202.156 202.201 202.202 202.204 202.205 202.251
Last modified: August 11, 2007
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