OFFICE OF THE AmORNEY GENERAL OF T-
AUSTIN
i
.’ .’
682
"A tax sh4ll ba paid by esoh produoer on
the ammmt of gss produced and savegwithin
t&s Stnto equivalent to five and two-tenths
(5.2) per cent of t&e mrket value thy-eof DII
EWi When FrCdUCUCl;. . .
*In cslculatingtne tax herein levied
them rhall be exaluded: (at g8s injected inte
the earth in this State. ualeas oold for euoh
..
683
)
wnor&le tiorgoIt.shoppar&,Faga 4
gas will.reesonebl bring if prodwed *nd aold’,
eta. This definitT on, re~sd as a ubole, md mm-
&rued fron its four corners, means that the total
sale price ie the amount on whim the tox levlod
by t;zisAct must be computcrd. Any ,othercysuo-
tion of enis definitionwould destroy it.
wst be true, because t;lcver)~statutory dafini-
tion adda t3 the rclue of the gnr the vtlue of
everything that the producer may get for it in
addition to auah w&w. Evidently it was not the
intontfon of the lagialatureDO hrve mote than om
rrtmdard of v~lua, and such would be the aase lf :I.
it ware held that in mate lnatascce8 %arket valmei
in the twdinary waning of th6t tern is maxat,
wLile in other inetmwes the aale price ie m-8
is tbc oduaer sella for more tbtm the *ma&e8
valw'. R"
lie tcmiinmlogyto be 8pplied to the eddib$smul.
psytbsnt, ‘such as whetner it i8 Wit be d*swn8in~to4 a Mm* .u
8 pmi~, would appear to bo M litt&LIIrbmant. 'Ckrb3ial.y
it'uaa a pure of ths.cou~ideratlonfor th elle aS the gas
that uaisaOtu&lly produaod and sold. PresuaaI.il.y the.prtb-
d\rcer was unGilll.ng to sell pas below a crrtei:intw
vtlty, and I.4the cerbou blmk plent doo%r*d 8imllsr
quantities OS gas, it #LO at111 nquLred ,to'par'W rir
Saw aiuountfor sach &US as it dld,taka. Su8hW%&t&~l
papaat W8 e pax% of +Ae tow1 gross reaeipts raa8iWti by
the prodrloef-for the ea.&e of its .gas.
In the light of tue language of ttce194.ldot rad
of the Suprene Court 6pkni0n aootruing.the 8-0, we ue
of the spiaion tbrt the .t&xab.ble vrlua of thr @a w&r th0
19&A act was the total WLOIALI~of money roe&rod W&F -0
aeatraot by the produuorP~
Fcrurs Vkly yuiT
Gi%XX~L OF TUA3
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