Tax Code › Title 2 › Chapter 201 › Subchapter C

Texas Tax Code § 201.103

Value If Consideration Includes Extracts

Gas Production Tax · Determining Value

If the consideration for the sale of gas includes products extracted from the gas, a portion of the residue gas, or both, the tax shall be computed on the gross value of all things of value received by the producer, including a bonus or premium.

Official text of the Texas Tax Code as published by the Texas Legislative Council.

Official source
Legislative history

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

Sections that refer to this one

§ 201.104