Report On Oil And Gas Tax And Royalty Collections And Other Aspects of Oil And Gas Regulation in Montana 1978
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In our eReader you can find the full English version of the book. Read Report On Oil And Gas Tax And Royalty Collections And Other Aspects of Oil And Gas Regulation in Montana 1978 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Report On Oil And Gas Tax And Royalty Collections And Other Aspects of Oil And Gas Regulation in Montana 1978
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For each lease, an oil producer must pay 2.1 percent of the first $6,000 of the total gross value of all petroleum or crude oil produced and 2.65 percent on everything over $6,000. Gas producers must pay 2.65 percent of the total gross value of natural gas produced from each lease. The only exception to this tax is found in Section 84-2213, R.C.M. 1947. This section exempts natural gas wells drilled between December 31, 1976 and December 31, 1980 from the severance tax for three years providing... the gas is placed into a natural gas distribution system and a majority or at least 10,000 consumers are in Montana.
Resource Indemnity Trust Tax The policy of the state of Montana as set forth in Section 84-7002, R.C.M. 1947, is "To provide security against loss or damage to our environment from the extraction of nonrenewable resources." To meet this objective the legislature created in 1973 a resource indemnity trust. To fund this trust. Section 84- 7006, R.C.M. 1947, provides for a tax on all mineral production.
What to read after Report On Oil And Gas Tax And Royalty Collections And Other Aspects of Oil And Gas Regulation in Montana 1978?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
For each lease, an oil producer must pay 2.1 percent of the first $6,000 of the total gross value of all petroleum or crude oil produced and 2.65 percent on everything over $6,000. Gas producers must pay 2.65 percent of the total gross value of natural gas produced from each lease. The only exception to this tax is found in Section 84-2213, R.C.M. 1947. This section exempts natural gas wells drilled between December 31, 1976 and December 31, 1980 from the severance tax for three years providing... the gas is placed into a natural gas distribution system and a majority or at least 10,000 consumers are in Montana.
Resource Indemnity Trust Tax The policy of the state of Montana as set forth in Section 84-7002, R.C.M. 1947, is "To provide security against loss or damage to our environment from the extraction of nonrenewable resources." To meet this objective the legislature created in 1973 a resource indemnity trust. To fund this trust. Section 84- 7006, R.C.M. 1947, provides for a tax on all mineral production.
What to read after Report On Oil And Gas Tax And Royalty Collections And Other Aspects of Oil And Gas Regulation in Montana 1978?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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