| Issue Date: | |
|---|---|
| Revised Date: | 2017-12-20 |
Legal Citations
- Tax Code sec. 191.083
Object Type
Cash — Natural Resources
Origin Date
1941 by the 47th Leg.
Description
A tax on the gross receipts from the services of cementing, shooting, fracturing, acidizing, testing or surveying formations or contents, at the rate of 2.42% of the gross amount of the services after deduction of a reasonable value for materials consumed.
Due Date
20th day of the month for activities of the preceding month.
Collecting Agencies
Deposit Funds
Allocated 25% to Foundation School Account (No. 0193) (Revenue Code 3911) and 75% to General Revenue Fund (No. 0001).
Note
Formerly deposited to the Omnibus Tax Clearance Fund (No. 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.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | OIL WELL SERVICE TAX |
| Receipt Category | 08 – Natural Resources |
| Receipt Type | 01 – Taxes |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 19 – OTHER TAXES |