Tex. Tax Code § 204.008
This is the official text of Tex. Tax Code § 204.008, part of Texas’s Tax Code — governs state and local taxation.
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§ 204.008. REVOCATION OF NEW FIELD DESIGNATION.
Official statutory text
(a) If the commission determines that a designated new field is connected with another recognized field, the tax credit provided by this chapter is canceled.
(b) Persons responsible for paying the severance tax will not be liable for any taxes offset by tax credits available under this chapter prior to the date of cancellation unless the tax credits were obtained in violation of this chapter or any rules or orders of the commission.
(b) Persons responsible for paying the severance tax will not be liable for any taxes offset by tax credits available under this chapter prior to the date of cancellation unless the tax credits were obtained in violation of this chapter or any rules or orders of the commission.
Status: in_force · Read it on the official government site
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