Reporting Instructions Form For Oil And Gas Taxes - North Dakota Office Of State Tax Commissioner Page 22
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42SECTION B: (Complete Only When Incremental Oil is Produced and the Project is Within the 5 or 10-Year Exempt Period.)
If the 5 or 10-year exempt period has not expired and line 1 is greater than line 2, exempt incremental oil has been produced in the current
month and Section B must be completed.
Line 5.
Exempt Incremental Production: Line 1 minus line 2.
Line 6.
Exempt Nonincremental Production: Multiply the total of Block 1 entries from the T-81 schedule by the decimal on line 2a
(round to two decimal places).
Line 7.
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 7a, 7b, and 7c. When the condition indicated for line 7a is met, lines 7b and 7c should be
left blank. When the condition indicated for lines 7b and 7c is met, line 7a should be left blank.
Line 7a.
4% Barrels: If the entire recovery project has been certified by the N.D.I.C. as qualifying for a reduced 4% tax rate, subtract
line 6 from line 2.
Line 7b.
4% Barrels: If the entire recovery project has not been certified by the N.D.I.C. as qualifying for a reduced 4% tax rate,
multiply the total of the Block 2 entries from the Schedule T-81 by line 2a (round to two decimal places).
Line 7c.
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 6 and line 7b from line 2.
(
SECTION C:
Complete Only When Incremental Oil is Produced and the Project is Past the 5 or 10-Year Exempt Period.)
If the 5 or 10-year exempt period has expired and line 1 is greater than line 2, incremental oil taxed at the 4% tax rate has been produced in
the current month and Section C must be completed.
Line 8.
Exempt Nonincremental Production: Enter the total of Block 1 entries from the Schedule T-81.
Line 9.
Taxable Production: The taxable volume of incremental production will be subject to a 4% tax rate and nonincremental
production will be subject to either a 4% or a 6.5% tax rate as determined on lines 9a and 9b.
Line 9a.
6.5% Barrels: Multiply the total of Block 4 entries from the Schedule T-81 by line 2a.
Line 9b.
4% Barrels: Subtract line 8 and line 9a from line 2.
SECTION D:
The allocation of the recovery project’s taxable production must be completed to identify the specific county in which production
occurred. Use only the first column of Section D if all recovery project wells are located in a single county. Use the first and second
columns of Section D if the recovery project wells are located in two counties. Use all columns of Section D if the recovery project
wells are located in three counties.
Line 10.
Group Number: Enter the property/group number assigned to the recovery project by the Commissioner. If the recovery
project is a single well project, enter the API number assigned to the well by the N.D.I.C.
Line 11.
Volume of oil produced from each county: Enter the barrels of oil produced from each county (round to two decimal places).
The total barrels on line 11 for all counties must equal the volume on line 1.
Line 12.
County decimal: Divide line 11 by line 1 (round to six decimal places).
Line 13.
Production subject to 5% gross production and 0% oil extraction tax: Multiply the barrels on line 3, line 5 plus line 6, or line
8 by line 12 (round to two decimal places). The barrels on line 13 must be reported as a separate line entry on
a T-12 Worksheet using well code R1 (see T-12 Worksheet Instructions).
Page 20
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 28214 - Ag Commodity Processing Facility Investment Reporting - North Dakota Office Of State Tax Commissioner
Financial
Form 21986 - Sales & Use Tax Pre-audit Questionnaire - North Dakota Office Of State Tax Commissioner
Financial
Instructions For Telecommunications Gross Receipts Tax - North Dakota Office Of State Tax Commissioner - 2004
Financial
Form 28276 - Qualifi Ed Seed Capital Business Investment Reporting - North Dakota Office Of State Tax Commissioner
Financial
Form 401-es - Estimated Income Tax Estates And Trusts - North Dakota Office Of State Tax Commissioner - 2002
Financial
Form Afi - Angel Fund Investment Report -north Dakota Office Of State Tax Commissioner - 2011
Financial
Form 500 - Authorization To Disclose Tax Information And Designation Of Representative - North Dakota Office Of State Tax Commissioner
Financial
Form F22b - 2005 Voluntary Sales And Use Tax Return - North Dakota Office Of State Tax Commissioner
Financial
Related Categories
Parent category: Financial