Tex. Tax Code § 202.053 · Subchapter B. TAX IMPOSED
MARKET VALUE.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The market value of oil is the actual market value plus any bonus, premium, or other thing of value paid for the oil or that the oil will reasonably bring if lawfully produced.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1737, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.202.htm
- Text hash
- sha256 f065d2e57a28285200c5202b359856aed850c1bfdd3375e3505baed623d9c926
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.