Texas Attorney General Opinion: S-144 Page: 1 of 6
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EYGENERA
lAusnrN 11, Tas
~- October 20, 1954:"
Hon. Robert S. Calvert Opinion No. S- 144
Comptroller of Public Accounts.
Capitol Station . Re: Construction of Article 7047b, V.C.S.
Austin, Texas : (the gas.production tax) since its
.amendment by Acts 1954,. 53rd Leg.,
Dear Mr. Calvert: ist G. S., p. 3, ch. 2, Article 1.
Your letter requesting our opinion relative to the captioned
matter reads, in part, as follows:
"Sub-Section 3 of Section 1 (i) of Article 7047b, V,C.S.
as amended effective September 1, 1954, reads as follows:
"'All condensate recovered from gas shall be
taxed at the same rate as oil and shall be
valued for. the purpose of computing the tax
due thereon at the prevailing market prite for
condensate in the general area where the same
is recovered. The term condensatete" shall
include all liquid hydrocarbons that are or can
be recovered from gas by means of a separator
but shall not include any liquid hydrocarbons
which can only. be-recovered from gas by re-
frigeration or absorption.and separated by a
fractionating process.
"'Where additional liquid hydrocarbons other
than condensate are recovered from gas the
taxable value of such additional liquid hydro-
carbons. shall be determined by deducting from
the total receipts of the producer for all liquid
hydrocarbons recovered from his gas the tax-
able-value assigned to the condensate and the
applicable rate set forth in sub-section (1) of
this Section 1 (1), shall be applied to. the differ-
ence to determine the tax due hereunder on
such additional liquid hydrocarbons,'
"A number of questions have arisen in connection with
the amendment which I submit for your opinion.
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Texas. Attorney-General's Office. Texas Attorney General Opinion: S-144, text, October 20, 1954; (https://texashistory.unt.edu/ark:/67531/metapth266529/m1/1/: accessed June 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.