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(a) There is imposed on each producer a tax measured by the amount of condensate recovered from gas produced in this state by a producer.
(b) The tax imposed by this section is at the same rate as the rate of the tax imposed on oil by Section 202.052 of this code.
Cite this article: FindLaw.com - Texas Tax Code - TAX § 201.055. Tax on Condensate - last updated April 14, 2021 | https://codes.findlaw.com/tx/tax-code/tax-sect-201-055.html
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