Issue Date:
Revised Date: 2022-12-02

Legal Cites

Object Type

Cash — Natural Resources

Origin Date

1931 by the 42nd Leg.

Description

Occupation tax on business of producing gas within this State. Tax paid by each producer on amount of gas produced equivalent to 7.5% of market value thereof including liquid hydrocarbons.  All condensate recovered from gas shall be taxed at the same rate as oil (see Revenue Code 3290).

Due Date

20th day of the second month following the month of production.

Deposit Funds

Note

Codified by S.B. 1708, 67th Leg., R.S.

Formerly deposited to the Omnibus Tax Clearance Fund (0120). H.B. 872, 67th Leg. R.S. abolished Fund 0120 and moved deposit to General Revenue.

Effective September 1, 1984, H.B. 72, 68th Leg., 2nd C.S. changed 25% allocation from Available School Fund 0002 to Foundation School 0193.

Per Tax Code § 201.403, 1/2 of 1% to General Revenue Fund 0001 for Comptroller’s Office administration and enforcement. This was formerly deposited to the Comptroller's Operating Fund Account 0062, which was abolished August 31, 1995 per § 403.094, Government Code.

S.B. 988, 68th Leg., R.S. added a provision requiring persons to remit an estimate on Aug. 15 of each odd numbered year of tax liability for month of July. This was repealed by S.B. 329, 76th Leg., R.S. effective September 1, 2001.

S.B. 1125, 77th R.S. repealed separate tax on sweet and sour gas of 121/1500 of $.01 per thousand cubic feet.

USAS Values

Appropriation Year 24
USAS Title NATURAL GAS PRODUCTION TAX
Receipt Category 08 – Natural Resources
Receipt Type 01 – Taxes
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 08 – NATURAL GAS PRODUCTION TAX