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A BILL TO BE ENTITLED
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AN ACT
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relating to a credit or refund for diesel fuel taxes paid on diesel |
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fuel used in this state by certain oil field well service equipment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 162.227, Tax Code, is amended by adding |
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Subsection (c-1) to read as follows: |
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(c-1) A license holder may take a credit on a return for the |
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period in which the purchase occurred, and a person who does not |
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hold a license may file a refund claim with the comptroller, if: |
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(1) the license holder or person paid tax on diesel |
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fuel; |
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(2) the diesel fuel is used in this state by oil field |
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well service equipment; and |
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(3) the person who purchased the diesel fuel has |
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received or is eligible to receive a federal diesel fuel tax refund |
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under the Internal Revenue Code of 1986 for the diesel fuel used by |
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the oil field well service equipment. |
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SECTION 2. This Act takes effect September 1, 2007. |