Texas Tax Code

§ 202.104 — ROYALTY OWNER'S RECORDS

TX § 202.104Title 2. STATE TAXATION · Part I. SEVERANCE TAXES · Ch. 202. OIL PRODUCTION TAX · Art. C. RECORDS

Statute text

The owner of a royalty interest shall keep:

(1)a record of all money received as royalty from each producing leasehold in the state; and

(2)a copy of all settlement sheets furnished by a purchaser or operator or other statement showing the number of barrels of oil for which a royalty was received and the amount of tax deducted.

Legislative history

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