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TITLE 34 PUBLIC FINANCE

PART 1 COMPTROLLER OF PUBLIC ACCOUNTS

CHAPTER 3 TAX ADMINISTRATION

SUBCHAPTER C CRUDE OIL PRODUCTION TAX

RULE §3.34 Exemption of Certain Royalty Interests from Oil Occupation Taxes and Regulation Pipeline Taxes

Royalty interests owned by the following governmental entities are not subject to the oil occupation tax:

(1) cities, towns, and villages;

(2) counties;

(3) independent school districts and common school districts;

(4) public colleges and universities;

(5) political subdivisions of the federal government.

Source Note: The provisions of this §3.34 adopted to be effective January 1, 1976.

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