Tex. Tax Code § 202.154
This is the official text of Tex. Tax Code § 202.154, part of Texas’s Tax Code — governs state and local taxation.
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§ 202.154. PRODUCER TO PAY TAX ON OIL NOT SOLD.
Official statutory text
If the producer does not sell oil produced in the same month it is produced, the producer shall pay the tax imposed by this chapter as if the oil were sold that month. In such a case, the working interest operator may pay the tax and deduct it from the interest of other interest holders.
Status: in_force · Read it on the official government site
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