Texas Tax Code

§ 202.102 — FIRST PURCHASER'S RECORDS

TX § 202.102Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 202. OIL PRODUCTION TAX · Art. C. RECORDS

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

(1)the name and address of each producer from which the first purchaser buys oil;

(2)for each producer, the counties where the oil is produced;

(3)for each producer, the name of the lease from which the oil is produced;

(4)the number of barrels of oil purchased from each producer and the price paid each producer for the oil;

(5)the number of barrels purchased and used, refined, or processed by the first purchaser; and

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Legislative history

Acts 1981, 67th Leg., p. 1738, ch. 389, Sec. 1, eff. Jan. 1, 1982.