{"data":{"id":"us-tx/tex.-tax-code-202.053","jurisdiction":"us-tx","citation":"Tex. Tax Code § 202.053","heading":"MARKET VALUE.","body":"The market value of oil is the actual market value plus any bonus, premium, or other thing of value paid for the oil or that the oil will reasonably bring if lawfully produced.\nActs 1981, 67th Leg., p. 1737, ch. 389, Sec. 1, eff. Jan. 1, 1982.","path":["TAX CODE","TITLE 2. STATE TAXATION","SUBTITLE I. SEVERANCE TAXES","CHAPTER 202. OIL PRODUCTION TAX","SUBCHAPTER B. TAX IMPOSED"],"source_url":"https://statutes.capitol.texas.gov/Docs/TX/htm/TX.202.htm#202.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"0bf90aa6ee8d7b5ddf06d4999d8da71574e4706f8a0a4b6051fdcbf70b56b839","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-tax-code-202.052","next":"us-tx/tex.-tax-code-202.054"},"notice":"GroundRules: Original legal text. Not legal advice."}