Texas Statutes (Last Updated: January 4, 2014) |
UTILITIES CODE |
Title 3. GAS REGULATION |
Subtitle B. REGULATION OF TRANSPORTATION AND USE |
Chapter 122. GAS UTILITY PIPELINE TAX |
Subchapter B. TAX IMPOSED |
Sec. 122.052. DEDUCTION OF CERTAIN COSTS
Latest version.
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A gas utility is entitled to deduct from the utility's gross receipts the amount of the cost paid to another person by the utility for purchasing, treating, or storing natural gas or for gathering or transporting natural gas to the utility's facilities.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.