Texas Tax Code
§ 201.105 — VALUE OF LIQUID HYDROCARBONS OTHER THAN CONDENSATE
TX § 201.105Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 201. GAS PRODUCTION TAX · Art. C. DETERMINING VALUE
Statute text
View on sourceThe taxable value of liquid hydrocarbons other than condensate is the producer's total gross receipts for all liquid hydrocarbons, including condensate, recovered from gas produced by him less the taxable value of the condensate recovered from that gas.
Legislative history
Acts 1981, 67th Leg., p. 1730, ch. 389, Sec. 1, eff. Jan. 1, 1982.