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*140021W19999* DR0021W (06/18/14) COLORADO DEPARTMENT OF REVENUE Denver CO 802610006 Oil and Gas Withholding Statement Colorado Severance Tax Withheld from Oil Shale and Oil/Gas Payments See Page.

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Oil and Gas Withholding Statement - Colorado.gov
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A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it.

Any producer, working, royalty or other interest owner of oil and gas produced in Colorado is required to pay severance tax. Every producer or first purchaser is required to withhold 1% of the gross income paid to every owner, and to supply an Oil and Gas Withholding Statement by March 1 of each year.

The new Colorado income tax rate is 4.40%, beginning in the 2022 tax year.

Colorado has a 4.40 percent corporate income tax rate. There are jurisdictions that collect local income taxes. Colorado also has a 2.90 percent state sales tax rate, a max local sales tax rate of 8.30 percent, and an average combined state and local sales tax rate of 7.78 percent.

Summary. The income tax withholding formula for the State of Colorado includes the following changes: The annual amount per exemption has increased from $4,050 to $4,200.

DR 0021W -Oil & Gas Withholding Statement -Severance Tax Withheld from Oil Shale and Oil/Gas Payments. DR 0021X- Amended Colorado Oil & Gas Severance Tax Return.

Withholding Formula (Effective Pay Period 05, 2021) Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annual wages. Multiply the taxable wages in step 5 by 4.55 percent to determine the annual tax amount.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232