Texas Tax Code § 201.054 Tax On Liquid Hydrocarbons

Sec. 201.054. TAX ON LIQUID HYDROCARBONS. (a) There is imposed on each producer a tax on the market value of liquid hydrocarbons, other than condensate, recovered from gas produced in the state by a producer.

(b) The rate of the tax imposed by this section is the same as the rate of the tax imposed by Section 201.052 of this code.

Acts 1981, 67th Leg., p. 1729, ch. 389, Sec. 1, eff. Jan. 1, 1982.

Section: Previous  201.001  201.002  201.051  201.052  201.053  201.054  201.055  201.057  201.058  201.059  201.060  201.101  201.102  201.103  201.104  Next

Last modified: September 28, 2016