Form Mf-600 - Petroleum Severance Tax Return Page 2

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Instructions for Completing the Petroleum
Severance Tax Reporting Forms
Under the provisions of the Indiana Petroleum Severance Tax Law
The severance tax is to be reported by all purchasers of petroleum
products or gatherers of petroleum products at the time such products
(Indiana Code 6-8-1-8) states:
are transported from the place of production. The purchaser or
gatherer is imposed with the responsibility to make reports of the
A tax at a rate equal to the greater of:
severance of petroleum products from the land and the payment of
the tax thereupon for and on behalf of the owner or producer of the
(1)
one percent (1%) of the value of the
products as their interests may be.
petroleum; or
(2)
three cents (.03) per thousand (1,000)
cubic feet (MCF) for natural gas and
Reporting Forms
twenty-four cents (.24) per barrel for oil;
Product producers or gatherers are to report their severance activi-
is hereby imposed as of the time of the severance for such petroleum
ties and the amounts of tax due thereon each month by using the
from the land, upon all producers and owners thereof...
Petroleum Severance Tax Reporting Form #1 (Form MF-600).
“Value” means the price paid for such petroleum products or their
The completed form and remittance of tax due should be mailed
market value at the time of severance if gathered for consumption by
to:
the severing party. The tax is imposed at the time of sale or delivery
Indiana Department of Revenue
from the place of production. Consequently, no transportation or
P.O. Box 6080
freight allowances are to be used when determining the reporting
Indianapolis, IN 46206-6080
value of the product for tax purposes.
Any questions about these reporting requirements should be directed
“Petroleum” subject to the severance tax means and includes crude
to the Fuel Tax Section. Telephone inquiries about the Petroleum
petroleum oil and gas, and other hydrocarbons, whether in liquid or
Severance Tax should be directed to (317) 615-2630.
gaseous form and regardless of gravity, which are severed from the
land and produced from a well in the State of Indiana.
Reporting Requirements
Reports of severance activities are to be fi led with the Fuel Tax
Section within thirty (30) days after the last day of the calendar
month being reported. Reports fi led late will be subject to statutory
penalty and interest charges.

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