Tex. Tax Code Section 201.058
Tax Exemptions

(a)

The exemptions described by Sections 202.056 (Exemption for Oil and Gas from Wells Previously Inactive), 202.057 (Tax Credit for Incremental Production Techniques), and 202.060 (Exemption for Oil and Gas from Reactivated Orphaned Wells) apply to the taxes imposed by this chapter as authorized by and subject to the certifications and approvals required by those sections.

(b)

Operators increasing production by marketing gas from an oil well or lease that has been released into the air for 12 months or more pursuant to the rules of the commission shall be entitled to an exemption from the tax imposed by this chapter on the production resulting from the marketing of such gas for the life of the well or lease.
Added by Acts 1995, 74th Leg., ch. 989, Sec. 3, eff. Jan. 1, 1996. Amended by Acts 1997, 75th Leg., ch. 1060, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., Ch. 267 (H.B. 2161), Sec. 8, eff. January 1, 2006.
Acts 2009, 81st Leg., R.S., Ch. 10 (S.B. 997), Sec. 1, eff. September 1, 2009.

Source: Section 201.058 — Tax Exemptions, https://statutes.­capitol.­texas.­gov/Docs/TX/htm/TX.­201.­htm#201.­058 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 201.058’s source at texas​.gov