Virginia Use of Produced Oil Or Gas by Lessor

State:
Multi-State
Control #:
US-OG-839
Format:
Word; 
Rich Text
Instant download

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

Virginia also offers a non-refundable Low Income Individuals Credit (CLI) to families with adjusted gross incomes below the federal poverty guidelines. The credit is worth $300 for each personal and dependent exemption claimed on the taxpayers' Virginia tax return.

The total nonrefundable credits claimed on Schedule CR may not exceed the amount of tax shown on your return less the total amount reported for the spouse tax adjustment, credit for tax paid to another state, and credit for low-income individuals or Virginia Earned Income Credit.

The Virginia Gas and Oil Act of 1990 provides a comprehensive program to pro- tect public safety and the environment from risks associated with exploration and devel- opment of natural gas and oil resources.

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Virginia Use of Produced Oil Or Gas by Lessor