Value of Condensate

Tex. Tax Code § 201.106, under Chapter 201.

Tex. Tax Code § 201.106

Sec. 201.106. VALUE OF CONDENSATE. The value of condensate for the purpose of computing the tax due on it is the prevailing price for condensate in the general area where it is recovered. Acts 1981, 67th Leg., p. 1730, ch. 389, Sec. 1, eff. Jan. 1, 1982. SUBCHAPTER D. RECORDS