By Asha Glover (December 2, 2021, 5:57 PM EST) -- Texas natural gas production tax revenue totaled $291 million in November, a 282% increase compared with November 2020, the Texas comptroller said.
Comptroller Glenn Hegar said in a statement Wednesday that revenue from Texas oil production tax amounted to $480 million last month, marking a 141% increase from the previous November. Increased drilling drove higher collections from the oil and gas mining sector, the comptroller said.
According to the statement, collections from other major taxes increased significantly compared with the previous year. Hegar said that total sales tax revenue increased by nearly 20% compared with November 2020, and revenue for the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!