Issue Date:
Revised Date: 2017-12-20

Legal Citations

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.

This is an occupations tax and therefore subject to Texas Constitution, art. VII, sec. 3 where one-fourth of its revenue is allocated for the benefit of the public free schools.

Due Date

20th day of the month for activities of the preceding month.

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. Dedication of these revenues abolished August 31, 1995 per § 403.094, Government Code.

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