Texas Tax Code

§ 201.106 — VALUE OF CONDENSATE

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

TX § 201.106Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 201. GAS PRODUCTION TAX · Art. C. DETERMINING VALUE

Statute text

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The value of condensate for the purpose of computing the tax due on it is the prevailing price for condensate in the general area where it is recovered.

Legislative history

Acts 1981, 67th Leg., p. 1730, ch. 389, Sec. 1, eff. Jan. 1, 1982.