Most (but not all) oil producing states levy a severance tax on its oil production. This tax is based on either the volume or value of the production. Royalty and mineral owners pay their pro rata share of these oil severance taxes. You’ll notice these severance taxes deducted on your monthly royalty revenue statements. Home Office of Information Services ATAP. ATAP. ATAP - Arkansas Taxpayer Access Point . Arkansas Taxpayer Access Point (ATAP) Sales and Use Tax Return File Upload Information . ATAP is a web-based service that will give taxpayers, or their designated representative, online access to their tax accounts and offers the following services: This report is comprised of Drilling Permits, Well Completions, Recompletions and Workovers, Applications to Plug, and Plugging Reports. Operator Directory: A listing of all Companies operating within the State of Arkansas. Severance Tax Rates: A monthly report for severance tax rates applicable to gas production wells.

If advanced ascertainment is not received, the 1st Purchaser is required to withhold natural gas severance tax on the gas purchase. The Operator/Producer and 1st Purchaser have monthly reporting responsibilities. The applicable tax rates of 1.25%, 1.5%, and 5.0% are dependent on the well classification by the Arkansas Oil and Gas Commission. In accordance with Arkansas Code Annotated, Title 26, Chapter 58, Article 128 (§ 26-58-128), the Director of the Oil and Gas Commission shall determine the well categories for all gas production wells, which will in turn be used by the Arkansas Department of Finance and Administration to determine the appropriate severance tax rate for each well. Other Severance Tax. The tax is levied and collected from each producer of natural resources at the applicable rates provided in Arkansas Code Ann. §26-58-111, §26-58-112, §26-58-113,and §26-58-126. Applicable statutes: Arkansas Code Ann. The mission of the Arkansas Oil and Gas Commission is to prevent waste and encourage conservation of the Arkansas oil, natural gas, and brine resources, to protect the correlative rights associated with those resources, and to respect the environment during the production, extraction, and transportation of those resources. A listing of all Companies operating within the State of Arkansas. Severance Tax Rates: A monthly report for severance tax rates applicable to gas production wells. South Arkansas Production: This report is contains oil production from wells in the South Arkansas Regional District. For example, Arkansas places a value tax on gas and oil through its severance tax in addition to a relatively modest fee per volume of oil and gas produced as an oil and gas assessment. States often design volume taxes to be easily adjusted, thereby adapting to the changing market value of gas and oil. Most (but not all) oil producing states levy a severance tax on its oil production. This tax is based on either the volume or value of the production. Royalty and mineral owners pay their pro rata share of these oil severance taxes. You’ll notice these severance taxes deducted on your monthly royalty revenue statements.

The Michigan Severance Tax Act, MCL 205.301, levies a tax on oil and gas severed from the soil in Michigan. Producers or purchasers are required to report the 

Home Office of Information Services ATAP. ATAP. ATAP - Arkansas Taxpayer Access Point . Arkansas Taxpayer Access Point (ATAP) Sales and Use Tax Return File Upload Information . ATAP is a web-based service that will give taxpayers, or their designated representative, online access to their tax accounts and offers the following services: This report is comprised of Drilling Permits, Well Completions, Recompletions and Workovers, Applications to Plug, and Plugging Reports. Operator Directory: A listing of all Companies operating within the State of Arkansas. Severance Tax Rates: A monthly report for severance tax rates applicable to gas production wells. Alcoholic Beverage Taxes Arkansas Code Annotated §§3-7-104, 3-5-409, 3-7-11 Excise tax is imposed on the first sale in the State and must be paid by the wholesaler and/or manufacturer of liquor, beer or wine distributor making the first sale. Tax rates are: $2.50 per gallon on high alcohol spirits, over 21% alcohol. LAWS PERTAINING TO OIL SEVERANCE TAX CREDITS Instructions for filing an application for oil severance tax benefits: 1. Prepare a letter of application addressed to the Arkansas Oil and Gas Commission, 2215 West Hillsboro, El Dorado, Arkansas, 71730. An oil severance tax is typically imposed in oil-producing states within the U.S. Not all states have a severance tax. Some jurisdictions use terms like “gross production tax” such as Oklahoma. We handle severance tax “reviews” for our clients in oil & gas, finding exemptions and refunds for them. Shale Law in the Spotlight: Oil and Natural Gas Severance Taxes in the United States (North Dakota, Arkansas, Colorado, and New Mexico) Written by Chloe Marie – Research Fellow This series will address severance taxes on oil and natural gas imposed by various states, and this third article will review the severance tax systems for the states For example, Arkansas places a value tax on gas and oil through its severance tax, but it places a relatively modest fee per volume of oil and gas produced for its oil and gas assessment. Volume taxes are often designed to be more easily adjustable than value taxes—through these adjustments, they can adapt to the changing market value of gas and oil.

Mar 17, 2014 Arkansas levies a severance tax of 5.0 percent on the market value of natural gas produced.24,25. In addition, the Arkansas Oil and Gas 

If advanced ascertainment is not received, the 1st Purchaser is required to withhold natural gas severance tax on the gas purchase. The Operator/Producer and 1st Purchaser have monthly reporting responsibilities. The applicable tax rates of 1.25%, 1.5%, and 5.0% are dependent on the well classification by the Arkansas Oil and Gas Commission. In accordance with Arkansas Code Annotated, Title 26, Chapter 58, Article 128 (§ 26-58-128), the Director of the Oil and Gas Commission shall determine the well categories for all gas production wells, which will in turn be used by the Arkansas Department of Finance and Administration to determine the appropriate severance tax rate for each well. Other Severance Tax. The tax is levied and collected from each producer of natural resources at the applicable rates provided in Arkansas Code Ann. §26-58-111, §26-58-112, §26-58-113,and §26-58-126. Applicable statutes: Arkansas Code Ann.

Aug 21, 2019 In the first month of fiscal 2020 that began July 1, severance tax Although mum on its Arkansas strategy, the Oklahoma City-based oil and gas 

If advanced ascertainment is not received, the 1st Purchaser is required to withhold natural gas severance tax on the gas purchase. The Operator/Producer and 1st Purchaser have monthly reporting responsibilities. The applicable tax rates of 1.25%, 1.5%, and 5.0% are dependent on the well classification by the Arkansas Oil and Gas Commission. In accordance with Arkansas Code Annotated, Title 26, Chapter 58, Article 128 (§ 26-58-128), the Director of the Oil and Gas Commission shall determine the well categories for all gas production wells, which will in turn be used by the Arkansas Department of Finance and Administration to determine the appropriate severance tax rate for each well. Other Severance Tax. The tax is levied and collected from each producer of natural resources at the applicable rates provided in Arkansas Code Ann. §26-58-111, §26-58-112, §26-58-113,and §26-58-126. Applicable statutes: Arkansas Code Ann. The mission of the Arkansas Oil and Gas Commission is to prevent waste and encourage conservation of the Arkansas oil, natural gas, and brine resources, to protect the correlative rights associated with those resources, and to respect the environment during the production, extraction, and transportation of those resources. A listing of all Companies operating within the State of Arkansas. Severance Tax Rates: A monthly report for severance tax rates applicable to gas production wells. South Arkansas Production: This report is contains oil production from wells in the South Arkansas Regional District.

The Michigan Severance Tax Act, MCL 205.301, levies a tax on oil and gas severed from the soil in Michigan. Producers or purchasers are required to report the 

If advanced ascertainment is not received, the 1st Purchaser is required to withhold natural gas severance tax on the gas purchase. The Operator/Producer and 1st Purchaser have monthly reporting responsibilities. The applicable tax rates of 1.25%, 1.5%, and 5.0% are dependent on the well classification by the Arkansas Oil and Gas Commission. In accordance with Arkansas Code Annotated, Title 26, Chapter 58, Article 128 (§ 26-58-128), the Director of the Oil and Gas Commission shall determine the well categories for all gas production wells, which will in turn be used by the Arkansas Department of Finance and Administration to determine the appropriate severance tax rate for each well. Other Severance Tax. The tax is levied and collected from each producer of natural resources at the applicable rates provided in Arkansas Code Ann. §26-58-111, §26-58-112, §26-58-113,and §26-58-126. Applicable statutes: Arkansas Code Ann.

May 21, 2013 pursuant to hydraulic fracturing operations related to oil, gas, Arkansas has one of the lowest severance taxes in the United States for natural  The Michigan Severance Tax Act, MCL 205.301, levies a tax on oil and gas severed from the soil in Michigan. Producers or purchasers are required to report the  Jul 3, 2019 In fact, Arkansas drilling numbers have fallen to almost a complete standstill. Fewer than 15,000 barrels of crude oil are being produced each day