Tex. Tax Code Section 202.052
Rate of Tax

(a)

The tax imposed by this chapter is at the rate of 4.6 percent of the market value of oil produced in this state or 4.6 cents for each barrel of 42 standard gallons of oil produced in this state, whichever rate results in the greater amount of tax.

(b)

For oil produced in this state from a new or expanded enhanced recovery project that qualifies under Section 202.054 (Qualification of Oil from New or Expanded Enhanced Recovery Project for Special Tax Rate) of this code, the rate of the tax imposed by this chapter is 2.3 percent of the market value of the oil.

(c)

The exemptions described by Sections 202.056 (Exemption for Oil and Gas from Wells Previously Inactive), 202.059 (Exemption for Hydrocarbons from Terra Wells), and 202.060 (Exemption for Oil and Gas from Reactivated Orphaned Wells) apply to oil produced in this state from a well that qualifies under Section 202.056 (Exemption for Oil and Gas from Wells Previously Inactive), 202.059 (Exemption for Hydrocarbons from Terra Wells), or 202.060 (Exemption for Oil and Gas from Reactivated Orphaned Wells), subject to the certifications and approvals required by those sections.
Acts 1981, 67th Leg., p. 1737, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1989, 71st Leg., ch. 795, Sec. 1, eff. Sept. 1, 1989; Acts 1991, 72nd Leg., ch. 604, Sec. 1, eff. Sept. 1, 1991; Acts 1993, 73rd Leg., ch. 1015, Sec. 1, eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch. 989, Sec. 4, eff. Jan. 1, 1996.
Amended by:
Acts 2005, 79th Leg., Ch. 267 (H.B. 2161), Sec. 11, eff. January 1, 2006.

Source: Section 202.052 — Rate of Tax, https://statutes.­capitol.­texas.­gov/Docs/TX/htm/TX.­202.­htm#202.­052 (accessed Jun. 5, 2024).

202.001
Definitions 202.002
Production and Measurement of Oil 202.003
Agreement to Pay Tax Not Impaired 202.004
Inspection of Records and Reports 202.005
Employment of Auditors 202.006
Taxpayer Identification Number 202.051
Tax Imposed 202.052
Rate of Tax 202.053
Market Value 202.054
Qualification of Oil from New or Expanded Enhanced Recovery Project for Special Tax Rate 202.056
Exemption for Oil and Gas from Wells Previously Inactive 202.057
Tax Credit for Incremental Production Techniques 202.058
Credits for Qualifying Low-producing Oil Leases 202.059
Exemption for Hydrocarbons from Terra Wells 202.060
Exemption for Oil and Gas from Reactivated Orphaned Wells 202.061
Tax Credit for Enhanced Efficiency Equipment 202.063
Exemption of Oil Incidentally Produced in Association with the Production of Geothermal Energy 202.101
Producer’s Records 202.102
First Purchaser’s Records 202.103
Subsequent Purchaser’s Records 202.104
Royalty Owner’s Records 202.105
Carrier’s Records 202.151
Tax Due 202.152
Payment of Tax 202.153
First Purchaser to Pay Tax 202.154
Producer to Pay Tax on Oil Not Sold 202.155
Purchaser to Pay Tax on Oil from Property Under Legal Constraint 202.156
Tax Borne Ratably 202.201
Producer’s Report 202.202
First Purchaser’s Report 202.204
Reports of Carrier 202.205
Transfer of Ownership 202.251
Liability of Producer and Purchaser 202.252
Producer’s Remedy 202.301
Delinquent Taxes: Penalty 202.302
Tax Lien 202.303
Forced Sale by Officer 202.304
Suit for Taxes 202.305
Unlawful Removal of Oil 202.306
Inspector Has Free Access 202.307
Incomplete Records or Reports 202.351
Occupation Tax 202.352
Tax Set Aside 202.353
Allocation of Revenue 202.354
Dedication to Texas Tuition Assistance Grant Program 202.0545
Tax Exemption for Enhanced Recovery Projects Using Anthropogenic Carbon Dioxide
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 202.052’s source at texas​.gov