Tax Code › Title 2 › Chapter 201 › Subchapter C

Texas Tax Code § 201.105

Value of Liquid Hydrocarbons Other Than Condensate

Gas Production Tax · Determining Value

The taxable value of liquid hydrocarbons other than condensate is the producer's total gross receipts for all liquid hydrocarbons, including condensate, recovered from gas produced by him less the taxable value of the condensate recovered from that gas.

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.