District of Columbia Minimum Royalty Payments

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Multi-State
Control #:
US-OG-808
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Word; 
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Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

The District of Columbia (DC) has a graduated individual income tax, with rates ranging from 4.00 percent to 10.75 percent. DC has a flat 8.25 percent corporate income tax rate. DC also has a 6.00 percent sales tax rate. DC's tax system ranks 48th overall on our 2023 State Business Tax Climate Index.

The unincorporated business franchise tax (Form D-30) must be filed by any D.C. business that is unincorporated, which includes partnerships, sole proprietorships, and joint ventures, so long as such a business derives rental income or any other income from D.C. sources in excess of $12,000 per year.

The filing of the D 30 is a requirement for operating or continuing to operate a motor vehicle for hire in the District by a non resident. The minimum tax is $250 if DC gross receipts are $1M or less. Minimum tax is $1,000 if DC gross receipts are greater than $1M.

The persons subject to the Ballpark Fee (?feepayers?) are persons that have income of $5,000,000 or more in annual District gross receipts and either are subject to filing franchise tax returns (whether Corporate or Unincorporated) or are employers required to make unemployment insurance contributions.

Corporate tax rate and minimum tax The tax rate is 8.25 percent on your 'district taxable income' on Line 36. The minimum tax is $250 if your DC gross receipts are $1 million or less. It is $1,000 if your DC gross receipts are greater than $1 million, even if you have a loss.

Unincorporated business must pay a minimum tax as follows: $250 minimum tax, if DC gross receipts are $1 million or less. $1000 minimum tax, if DC gross receipts are greater than $1 million.

D.C. Franchise Taxes The tax applies to certain LLC, Partnership and Individuals and is filed on Form D-30. Taxpayers are subject to tax at a rate of 8.25% on net profits, with a minimum tax due of $250.

FR-500 New Business Registration (new registrations only)

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District of Columbia Minimum Royalty Payments