Texas Tax Code

§ 202.101 — PRODUCER'S RECORDS

TX § 202.101Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 202. OIL PRODUCTION TAX · Art. C. RECORDS

Statute text

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A producer shall keep accurate records in the state. The records must show:

(1)the counties in which the producer produces oil;

(2)the names of the leases from which the producer produces oil;

(3)the total number of barrels of oil produced from each lease;

(4)for each sale or delivery to a first purchaser, the name and address of the first purchaser, the number of barrels sold or delivered, and the price received for the oil;

(5)the amount and disposition of oil refined, processed, or used on the lease where it is produced;

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Legislative history

Acts 1981, 67th Leg., p. 1737, ch. 389, Sec. 1, eff. Jan. 1, 1982.