Texas Tax Code
§ 201.061 — EXEMPTION FOR GAS PRODUCED THAT WOULD OTHERWISE HAVE BEEN VENTED OR FLARED
TX § 201.061Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 201. GAS PRODUCTION TAX · Art. B. TAX IMPOSED
Statute text
View on source(a)In this section:
(1)"Commission" means the Railroad Commission of Texas.
(2)"Qualifying well" means a well that:
(A)is connected to a pipeline on which pipeline takeaway capacity is not expected to meet the demand for gas produced from the well;
(B)is not connected to a pipeline and for which connection to a pipeline is technically or commercially unfeasible but is operated by a well operator who has contractually dedicated the well, the gas produced from the well, or the land or lease on which the well is located to a pipeline operator; or
(C)is not connected to a pipeline and is operated by a well operator who has not contractually dedicated the well, the gas produced from the well, or the land or lease on which the well is located to a pipeline operator.
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Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 308 (H.B. 591), Sec. 1, eff. September 1, 2023.