34 Tex. Admin. Code § 9.4031

Current through Reg. 49, No. 25; June 21, 2024

Section 9.4031 - Manual for Discounting Oil and Gas Income

Adoption of the "Manual for Discounting Oil and Gas Income." This manual specifies the methods and procedures to calculate the present value of oil and gas properties using discounted future income under Tax Code, Chapter 23.175, and directs each appraisal district to use the specified methods and procedures. The Comptroller of Public Accounts adopts by reference the Manual for Discounting Oil and Gas Income dated June 2021. The manual is accessible on the Property Tax Assistance Division website. Copies of the manual can be obtained from the Comptroller of Public Accounts, Property Tax Assistance Division, P.O. Box 13528, Austin, Texas 78711-3528. Copies also may be requested by calling our toll-free number 1-800-252-9121. In Austin, call (512) 305-9999.

The provisions of this §9.4031 adopted to be effective March 31, 1994, 19 TexReg 1997; amended to be effective December 4, 2011, 36 TexReg 8040; Adopted by Texas Register, Volume 47, Number 09, March 4, 2022, TexReg 1105, eff. 3/10/2022