Get Purchaser Report Of Natural Gas Tax - Texas Comptroller Of Public ...

This guide provides clear, step-by-step instructions for completing the Purchaser Report of Natural Gas Tax required by the Texas Comptroller of Public Accounts. Whether you are new to the process or have previous experience, this comprehensive guide aims to support you in successfully filling out the form online.

Follow the steps to accurately complete your report.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your taxpayer number in field 'c'. This is the 11-digit number assigned by the Comptroller's office.
3. Fill in the due date for your report in field 'd', which is the 20th day of the second month following the month of production.
4. Indicate the filing period in field 'e', specifying the month and year for the report.
5. If your mailing address has changed, blacken the box in the appropriate field and update the preprinted information.
6. If you are no longer in business, blacken the 'Final Report' box and provide your last business date.
7. If you have no tax to report, blacken the corresponding box, then sign and date this report before submitting it.
8. Complete the Report Totals and Tax Computation section. Enter the total net taxable value of condensate in Item 1.
9. Calculate the tax due on condensate for Item 2 by multiplying the value in Item 1 by 0.046.
10. In Item 3, report the total net taxable value of gas, excluding exempt leases.
11. Compute the tax due on gas in Item 4 by multiplying the value in Item 3 by 0.075.
12. Enter the taxable regulatory fee volume in Item 5, considering all applicable leases.
13. Calculate the regulatory fee due in Item 6 by multiplying the volume in Item 5 by 0.000667.
14. Report any tax due on exemption Type 5 in Item 7, summing values from the attached Supplement.
15. Calculate the total tax and fee due in Item 8 by adding Items 2, 4, 6, and 7.
16. If applicable, record any credits in Item 9 and indicate the net amount due in Item 10.
17. Assess penalties and interest for late filing or payment in Item 11.
18. Complete Item 12 by adding the net amount due (Item 10) and any penalties/interest (Item 11).
19. Review the entire form for accuracy, save your changes, and prepare to submit your report.

Complete your Purchaser Report of Natural Gas Tax online today to ensure timely filing.