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Texas severance tax on oil and gas production

Journal Article · · Oil Gas Tax Q.; (United States)
OSTI ID:5288717
Texas severance taxes date from 1905, with little serious change until the Texas Natural Resources Code was enacted in 1977. Technical language makes the code easy to misinterpret, which needs to be corrected since severance taxes make up 21% of state revenue and generate $2.2 billion for schools and other state programs. An overview of the Code defines oil and natural gas production, and explains the reporting and payment, penalty, enforcement, and revenue allocation provisions. A glossary defines 10 related terms. 21 references, 2 figures.. (DCK)
Research Organization:
Texas A and M Univ., College Station
OSTI ID:
5288717
Journal Information:
Oil Gas Tax Q.; (United States), Journal Name: Oil Gas Tax Q.; (United States) Vol. 32:2; ISSN OGTQD
Country of Publication:
United States
Language:
English