Texas § 204.008 REVOCATION OF NEW FIELD DESIGNATION.

Texas Statutes

§ 204.008 — REVOCATION OF NEW FIELD DESIGNATION.

Texas § 204.008

Code TXTax Code

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Bluebook

Tex. Tax Code Code Ann. § 204.008 (2026).

Text

Sec. 204.008. REVOCATION OF NEW FIELD DESIGNATION.

(a)If the commission determines that a designated new field is connected with another recognized field, the tax credit provided by this chapter is canceled.

(b)Persons responsible for paying the severance tax will not be liable for any taxes offset by tax credits available under this chapter prior to the date of cancellation unless the tax credits were obtained in violation of this chapter or any rules or orders of the commission.

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Sec. 204.008. REVOCATION OF NEW FIELD DESIGNATION. (a) If the commission determines that a designated new field is connected with another recognized field, the tax credit provided by this chapter is canceled.
(b) Persons responsible for paying the severance tax will not be liable for any taxes offset by tax credits available under this chapter prior to the date of cancellation unless the tax credits were obtained in violation of this chapter or any rules or orders of the commission.