Get 10 159 Producer Report Of Natural Gas Tax

This guide provides clear and concise instructions to assist users in filling out the 10 159 Producer Report Of Natural Gas Tax online. Our aim is to make the process straightforward, ensuring users can complete their filings accurately and efficiently.

Follow the steps to successfully complete your Producer Report Of Natural Gas Tax online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin with Item c. Enter your 11-digit taxpayer number assigned by the Comptroller's office.
3. For Item e, fill in the filing period. Monthly filers should enter the month and year, while annual filers only enter the year.
4. In Item 1, provide the total net taxable value of condensate, entering the amount in dollars and cents.
5. For Item 2, compute the tax due on condensate by multiplying the value entered in Item 1 by 0.046 (4.6%). Input the result in dollars and cents.
6. In Item 3, enter the total net taxable value of gas (excluding any exempt leases) in dollars and cents.
7. For Item 4, calculate the tax due on gas by multiplying the value in Item 3 by 0.075 (7.5%), and enter the amount in dollars and cents.
8. In Item 5, enter the taxable regulatory fee volume as a whole number, based on the detailed lease volumes.
9. Calculate the regulatory fee due in Item 6 by multiplying the volume in Item 5 by 0.000667. Enter this amount in dollars and cents.
10. For Item 7, input the tax due on exemption type 5 by entering the total tax amounts for related leases in dollars and cents.
11. Total all amounts due in Item 8 by adding the values from Items 2, 4, 6, and 7. Enter this total in dollars and cents.
12. If applicable, enter any credits in Item 9. Ensure you have the Credit Transfer Form signed and attached.
13. Calculate the net amount due for Item 10 by subtracting Item 9 from Item 8 and enter the result in dollars and cents.
14. For Item 11, include any penalties or interest if applicable, according to late payment policies.
15. Finally, in Item 12, add Items 10 and 11 to determine the total amount due. Make this payable to the State Comptroller.
16. Save your changes, then download, print, or share the form as needed.

Start filling out your 10 159 Producer Report Of Natural Gas Tax online today for a smooth filing experience.