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56 chapters · 2,122 sections in this title.
Tex. Tax Code § 204.001 Definitions
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Sec. 204.001. DEFINITIONS. In this chapter: (1) "Commission" means the Railroad Commission of Texas. (2) "Field" means an accumulation of oil or gas or both that is not in natural pressure communication or otherwise connected to any other accumulation of oil or gas or both. (3) "…
Tex. Tax Code § 204.002 Tax Credit For New Field Discoveries
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Sec. 204.002. TAX CREDIT FOR NEW FIELD DISCOVERIES. (a) Persons who obtain a certification of a new field discovery from the commission as the result of a discovery well spudded during the period of January 1, 1994, through December 31, 1994, are eligible for a tax credit applica…
Tex. Tax Code § 204.003 Certification of New Field Discovery
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Sec. 204.003. CERTIFICATION OF NEW FIELD DISCOVERY. (a) The commission shall have the authority to establish the method of determining whether a new field has been discovered. The commission may require an applicant for a new field discovery to provide the commission with any rel…
Tex. Tax Code § 204.004 Tax Credit For Additional Wells In A New Field
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Sec. 204.004. TAX CREDIT FOR ADDITIONAL WELLS IN A NEW FIELD. Upon the commission notifying the comptroller that 842 discovery wells have been spudded in 1994, persons obtaining a new field discovery during that year shall be eligible for an additional $25,000 tax credit for each…