Tex. Tax Code § 201.105
This is the official text of Tex. Tax Code § 201.105, part of Texas’s Tax Code — governs state and local taxation.
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§ 201.105. VALUE OF LIQUID HYDROCARBONS OTHER THAN CONDENSATE.
Official statutory text
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.
Status: in_force · Read it on the official government site
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