34 TAC §3.35
The Comptroller of Public Accounts adopts an amendment to
§3.35, concerning reporting requirements for producers and purchasers,
without changes to the proposed text as published in the May 7, 1999, issue
of the
Texas Register
(24 TexReg 3460).
This section is being amended pursuant to prior legislation and to clarify
reporting requirements. Section (h) is being amended to clarify reporting
requirements for purchasers. Section (k) is being amended to change reporting
requirements from county level reporting to lease level reporting. A new section
(k)(1)(C) is being added to clarify reporting requirements for oil where the
producer and purchaser are the same entity. Sections (k)(3) and (k)(4) are
being amended to correct references to information to be included on the Crude
Oil Special Report and records to be maintained by operators or producers
not required to file reports.
No comments were received regarding adoption of the amendment.
This amendment is adopted under the Tax Code, §111.002,
which provides the comptroller with the authority to prescribe, adopt, and
enforce rules relating to the administration and enforcement of the provisions
of the Tax Code, Title 2.
The amendment implements the Tax Code, §202.201 and §202.202.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on July
9, 1999.
TRD-9904103
Martin Cherry
Special Counsel
Comptroller of Public Accounts
Effective date: July 29, 1999
Proposal publication date: May 7, 1999
For further information, please call: (512) 463-4062