The Southwestern Historical Quarterly, Volume 55, July 1951 - April, 1952 Page: 17
562 p. : ill. (some col.), ports., maps (some col.) ; 23 cm.View a full description of this periodical.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Historical Development of Texas State Tax System
cents and 2.75 per cent. An additional tax of one-twentieth of
i per cent of the market value was enacted in 1917 and is known
as the regulation pipeline tax. It is a maintenance tax or one to
meet the costs of the regulation of the industry. The tax was
changed to one-tenth of 1 per cent in 1931 and to three-sixteenths
of 1 per cent in 1935. The receipts from the crude oil tax in-
creased from $69,098 in 1917 to $14,653,348 in 194o, and those
from the regulation pipeline tax from $23,198 in 1918 to $932,784
in 1940.
The natural gas tax was raised to 3 per cent in 1936. The
sulphur tax was changed in 930 from one of 2 per cent of market
value of production to a tax of 55 cents per long ton of produc-
tion; in 1931 it was raised to 75 cents and in 1936 to $1.03. The
receipts in 1924 from this tax were $244,795 and in 1940,
$2,033,649.
Taxes on the production of ore, marble, and cinnabar ore,
enacted in 1936, produced a negligible revenue; for example,
$7,555 in 1940. These taxes were repealed in 1943. An important
tax added in 1936 was that on the production of carbon black.
The rate of tax on it was one-twelfth of one cent a pound when
the market value was 4 cents or less a pound and 3 per cent of
market value when that value was over 4 cents a pound. In 1936
local gas, electric power and light, and water companies had their
tax rates raised from 1/-1 per cent of gross receipts to 7/10-1 2/3
per cent, the graduation being according to the population of
the place served. Also in that year the tax on telephone companies
was changed from the single rate of 1/2 per cent of gross receipts
to rates graduated from 11/2 per cent to 2 per cent, according to
population of place of operation; and the tax on telegraph com-
panies was increased from 23/4 per cent to 33/4 per cent.
Texas chartered life insurance companies had been exempted
from the tax on gross premium receipts in 1909, but in 1936 they
were put under this tax with a rate of one-half of 1 per cent. The
normal rate on foreign life companies was increased in 1936 to
34 per cent, but this was subject to reduction by investment of
its reserve for Texas policyholders in defined Texas securities to
2.5 per cent. The taxes on insurance companies remained singu-
larly unaltered from 1911 to 1936. In 1936 the normal rate on
fire and other non-life companies was increased from 2.6 per cent
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Periodical.
Texas State Historical Association. The Southwestern Historical Quarterly, Volume 55, July 1951 - April, 1952, periodical, 1952; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101139/m1/39/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.