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    • All States—Sales and Use Tax: State and/or Local Tax Rate Changes Reported During May 26 - 29, 2026
    • Illinois—Sales and Use Tax: Guidance Issued on July 1 Aviation Fuel Rate Changes
    • Illinois—Sales and Use Tax: Taxation of Deal-of-the-Day Vouchers Discussed
    • Louisiana—Multiple Taxes: Incentives Created for Aerospace Manufacturing
    • Louisiana—Property Tax: Constitutional Amendments to be Decided at November Election
    • Michigan—Corporate Income Tax: List of Community Foundations For Michigan Business Tax Credit Released
    • Minnesota—Multiple Taxes: IRC Conformity Updated, Pass-Through Entity Tax Extended, and More
    • New York—Multiple Taxes: Enacted Budget Extends Refundability of Investment Tax Credit for Farmers
    • Tennessee—Sales and Use Tax: Tax Imposed on Money Transmission Services
    • Tennessee—Sales and Use, Miscellaneous Taxes: Counties Authorized to Provide Natural Disaster Tax Relief for Displaced Residents
    • Texas—Corporate Income Tax: April 2026 Certification of the Average Closing Price of Gas and Oil Released
    • West Virginia—Personal Income Tax: Guidance Revised on Gambling Withholding
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    State Tax Day - Current, S.11, Texas—Corporate Income Tax: April 2026 Certification of the Average Closing Price of Gas and Oil Released, (Jun 1, 2026)

    The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period April 2026 is $42.26 per barrel for the three-month period beginning on January 1, 2026 and ending March 31, 2026. Therefore, crud ...

    The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period April 2026 is $42.26 per barrel for the three-month period beginning on January 1, 2026 and ending March 31, 2026. Therefore, crude oil produced from a qualified low-producing oil lease during the month of April 2026 is not eligible for a credit on the crude oil production tax.

    The Comptroller has also determined that the average taxable price of gas for the reporting period April 2026 is $1.18 per mcf for the three-month period beginning on January 1, 2026 and ending March 31, 2026. Therefore, gas produced from a qualified low-producing well during the month of April 2026 is eligible for credit on the natural gas production tax.

    Additionally, the Comptroller has determined that the average closing price of West Texas Intermediate crude oil for the month of April 2026 is $98.06 per barrel. Therefore, a taxable entity must not exclude total revenue received from oil produced during the month of April 2026, from a qualified low-producing oil well.

    The Comptroller has also determined that the average closing price of gas for the month of April 2026 is $2.67 per MMBtu. Thus, a taxable entity shall exclude total revenue received from gas produced during the month of April 2026, from a qualified low-producing gas well.

    Texas Register, Volume 51, Number 22, May 29, 2026

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