Texas Tax Code
§ 201.103 — VALUE IF CONSIDERATION INCLUDES EXTRACTS
TX § 201.103Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 201. GAS PRODUCTION TAX · Art. C. DETERMINING VALUE
Statute text
View on sourceIf the consideration for the sale of gas includes products extracted from the gas, a portion of the residue gas, or both, the tax shall be computed on the gross value of all things of value received by the producer, including a bonus or premium.
Legislative history
Acts 1981, 67th Leg., p. 1730, ch. 389, Sec. 1, eff. Jan. 1, 1982.