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§ 202.053 — Texas Law | CourtGPT
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  4. Tax Code - Title 1 - Property Tax Code/
  5. Title 2 - State Taxation/
  6. Subtitle I - Severance Taxes/
  7. Chapter 202 - Oil Production Taxsub/
  8. Subchapter B - Tax Imposed/
  9. § 202.053
Texas Legal Code

§ 202.053

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The market value of oil is the actual market value plus any bonus, premium, or other thing of value paid for the oil or that the oil will reasonably bring if lawfully produced. Acts 1981, 67th Leg., p. 1737, ch. 389, Sec. 1, eff. Jan. 1, 1982.