Texas Tax Code
§ 202.056 — EXEMPTION FOR OIL AND GAS FROM WELLS PREVIOUSLY INACTIVE
TX § 202.056Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 202. OIL PRODUCTION TAX · Art. B. TAX IMPOSED
Statute text
View on source(a)In this section:
(1)"Commission" means the Railroad Commission of Texas.
(2)"Hydrocarbons" means any oil or gas produced from a well, including hydrocarbon production.
(3)Repealed by Acts 2019, 86th Leg., R.S., Ch. 17 (S.B. 533), Sec. 3, eff. September 1, 2019.
(4)"Two-year inactive well" means a well that has not produced oil or gas in more than one month in the two years preceding the date of application for severance tax exemption under this section. The term does not include a well that is:
(A)part of an enhanced oil recovery project, as defined by Section 89.002, Natural Resources Code; or
…
Legislative history
Acts 2019, 86th Leg., R.S., Ch. 17 (S.B. 533), Sec. 1, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 17 (S.B. 533), Sec. 2, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 17 (S.B. 533), Sec. 3, eff. September 1, 2019.