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HB 15, 53rd 1st Called Session
Relating to making certain adjustments in the Tax Structure of the State of Texas; providing increased rates in the tax levied therein; to provide a more certain and definite method of calculating the gas production of tax on liquid hydrocarbons recovered from gas; repealing certain acts, except as to certain taxes, penalties, interest accruing before the effective date of this Act, and preserving certain liens, penalties, and administrative procedures; increasing the franchise taxes therein levied; increasing the taxes therein levied upon the sale and importation of beer; clarifying the tax levied upon the furnishing of certain services in connection with oil and gas wells and preserving certain obligations, taxes, penalties and interest which have accrued prior to the effective date of this Act; adding a period of limitation in which suits may be brought to collect the taxes levied therein; providing effective dates.
Author: Joe Madison Kilgore
Coauthor: Grady C. Hogue | William C. Ross, Sr. | James O. Gillham | Elbert Reeves | Charles Leroy Saul | George S. Berry | Hulon Brasier Brown | Harold Burton Parish
Session Law Chapter:
Acts 1954, 53rd 1st C.S.,ch. 2, General and Special Laws of Texas
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