Reporting Instructions Form For Oil And Gas Taxes - North Dakota Office Of State Tax Commissioner Page 21
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42PROJECT ELIGIBILITY REQUIREMENTS
Incremental Oil Exemption and Subsequent Incremental Oil 4% Oil Extraction Tax Rate: The unit operator must have
the N.D.I.C. determine the production decline curve for the secondary or tertiary recovery project and certify that the
recovery project is qualified on a technical basis. The N.D.I.C. will provide the Commissioner with a copy of the
certification and monthly projected volumes from the production decline curve.
Project Eligibility for a Reduced 4% Oil Extraction Tax Rate on Primary Production: The unit operator must have the
N.D.I.C. certify that a secondary or tertiary recovery project has achieved the required increase in production provided by
law. A secondary recovery project must achieve an average production level of at least 25% above the normal recovery
operations level for six consecutive months. A tertiary recovery project must achieve a production level of at least 15%
above the normal recovery operations level for at least one month.
FORM T-80 INSTRUCTIONS
Original or Amended Return: Check only one. Amended data for prior periods will not be accepted on an original report, it must be
submitted on an amended report. Amended T-80 Reports and T-81 Schedules will replace previously filed reports and schedules;
therefore, all data fields must be completed with the correct information whether or not the data for a particular field has changed.
Year/Month: Enter numerals, e.g., 200007 for July 2000.
Federal I.D. Number: Enter nine-digit Federal I.D. number.
Operator’s Name, Mailing Address, and Telephone Number: Enter company name and mailing address (including a nine-digit zip
code). Enter the telephone number of the individual completing the report.
Unit Name: Enter the name of the certified secondary or tertiary recovery project unit. A separate T-80 Report and Schedule T-81
must be filed for each recovery project that is eligible for the incremental oil incentives.
Secondary or Tertiary Recovery Project: Check appropriate block.
Line 1.
Total volume of oil produced from the project. Enter the total barrels adjusted for temperature and S&W (round to two
decimal places).
Line 2.
Volume of oil projected pursuant to the production decline curve . Enter the total barrels of oil projected.
Line 2a.
If line 1 is greater than line 2, divide line 2 by line 1 (round to six decimal places). The fraction entered on this line will be
used either in Section B or in Section C. If line 1 is less than line 2, leave line 2a blank.
NOTE:
If line 1 is less than or equal to line 2, Section A must be completed. If line 1 is greater than line 2,
complete only Section B or Section C.
: (
SECTION A
Complete Only When No Incremental Oil is Produced.)
Line 3.
Exempt Nonincremental Production: Enter the cumulative total of Block 1 entries from the last page of the Schedule T-81.
Line 4.
Taxable Nonincremental Production: The taxable volume of nonincremental production will be subject to either a 4% or
a 6.5% tax rate as determined on lines 4a, 4b, and 4c. When the condition indicated for line 4a is met, lines 4b and 4c
should be left blank. When the condition indicated for lines 4b and 4c is met, line 4a should be left blank.
Line 4a.
4% Barrels: If the recovery project has qualified for a reduced 4% tax rate, subtract line 3 from line 1. The volume on this
line should equal the total of Block 3 entries from the Schedule T-81.
Line 4b.
4% Barrels: If the recovery project has not been certified by the N.D.I.C. as qualifying for a reduced 4% tax rate, enter the
total of Block 2 from the Schedule T-81 on line 4b.
Line 4c.
6.5% Barrels: If the entire recovery project has not been certified by the N.D.I.C. as qualifying for a reduced 4% tax rate,
subtract line 3 and line 4b from line 1. The volume on this line should equal the total of Block 4 entries on the Schedule
T-81.
Page 19
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