{"data":{"id":"us-tx/tex.-natural-resources-code-91.408","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 91.408","heading":"INFORMATION FOR PAYEES OF PROCEEDS OF PRODUCTION FROM CERTAIN GAS WELLS.","body":"(a) A payor of proceeds from the sale of gas produced from a tight formation as defined by Section 29(c)(2)(B), Internal Revenue Code of 1986, annually shall furnish the payee a statement providing the information necessary to compute the federal income tax credit provided by that section for the gas for which payment was made in the preceding year, including:\n(1) information as described in Section 91.502(1) of this code; and\n(2) the volume of the gas, measured in:\n(A) thousands of cubic feet and heating value; or\n(B) millions of British thermal units for each thousand cubic feet.\n(b) A payor shall furnish a statement required by Subsection (a) not later than March 15 each year.\nAdded by Acts 1999, 76th Leg., ch. 609, Sec. 1, eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 1483, Sec. 5, eff. Sept. 1, 1999.","path":["NATURAL RESOURCES CODE","TITLE 3. OIL AND GAS","SUBTITLE B. CONSERVATION AND REGULATION OF OIL AND GAS","CHAPTER 91. PROVISIONS GENERALLY APPLICABLE","SUBCHAPTER J. PAYMENT FOR PROCEEDS OF SALE"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.91.htm#91.408","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"310b4495752aae9c2085b83717fd66eb83f0939bd750621edb3fa7b691787f36","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-91.407","next":"us-tx/tex.-natural-resources-code-91.451"},"notice":"GroundRules: Original legal text. Not legal advice."}