Fillable Form 10-159 - Producer Report Of Natural Gas Tax (Page 2 of 2) in pdf

Form 10-159 (Back)(Rev.4-08/2)

INSTRUCTIONS FOR COMPLETING

TEXAS PRODUCER REPORT OF NATURAL GAS TAX

WHO MUST FILE - Every natural gas producer who is authorized by the Comptroller to report monthly or annually must file this report. This report

must be filed even if no transactions occurred. Producers required to file this report must report ALL taxable disposition of natural gas produced

even if the purchaser is paying the tax.

WHEN TO FILE - For monthly filers, this report must be filed or postmarked on or before the 20th day of the second month following the month of

production. Annual filers must file this report on or before February 20th of the following year. If the due date falls on a Saturday, Sunday or legal

holiday, the next business day will be the due date.

FOR ASSISTANCE - For assistance, please call (800) 252-1384 toll free nationwide. The Austin number is (512) 463-4600. Forms and additional

information are available online at Our e-mail address is tax.help@cpa.state.tx.us.

GENERAL INFORMATION

This report must be accompanied by all Lease Detail Supplement pages (Form 10-163). It is recommended that the supplement pages be

completed prior to completing the Report Totals and Tax Computation page.

Do NOT report corrections to previous filing periods on this report. The "Amended Natural Gas Tax - Producer Report" (Form 10-169) must be

filed to correct previously reported data or to report data omitted from your original report.

Do NOT write in shaded areas.

SPECIFIC INFORMATION

Item c. TAXPAYER NUMBER: Enter your 11-digit taxpayer number assigned by the Comptroller's office.

Item e. FILING PERIOD: - Monthly filers: Enter the month and year for the filing period. Example: March 2007

- Annual filers: Enter the year only for filing period. Example: 2007

Item 1. TOTAL NET TAXABLE VALUE OF CONDENSATE: Enter the total amount of all net taxable value of condensate from Item 22 of the

Lease Detail Supplement page(s). Enter dollars and cents.

Item 2. TAX DUE ON CONDENSATE: Enter the tax due amount on condensate by multiplying the value in Item 1 of this page by .046 (or 4.6%).

Enter dollars and cents.

Item 3. TOTAL NET TAXABLE VALUE OF GAS: Enter the total net taxable value of gas for all commodities in Item 22 of the Lease Detail

Supplement page(s), except for values that correspond with exemption "Type 5" leases and condensate values. Enter dollars and cents.

Item 4. TAX DUE ON GAS: Enter the tax due amount on gas by multiplying the net taxable value of gas in Item 3 of this page by .075 (or 7.5%).

Enter dollars and cents.

Item 5. TAXABLE REGULATORY FEE VOLUME: Enter the sum of your volume for all leases reported in Item 16 of the Lease Detail Supplement

page(s) that includes the commodities of raw gas (RG), lease use (LU), and products (PR) less the total of all the governmental royalty

volume reported in Item 19. Include volumes for residue gas (RS) unless the residue volume is included as part of the plant product or raw

gas volume. Only include leases marked "Yes" as liable for tax due in Item 18. Leases with approved exemptions that report "Yes" as

being liable for tax for the raw gas, lease use and product commodities are subject to the regulatory fee. The exception is leases that are

approved for the reactivated orphan well exemption are not subject to the regulatory fee. Enter whole numbers.

Item 6. REGULATORY FEE DUE: Enter the regulatory fee due

amount by multiplying the volume in Item 5 of this page by

0.000667. Enter dollar and cents.

Item 7. TAX DUE ON EXEMPTION TYPE 5: Enter the sum of all

the reduced tax due amounts reported with exemption

"Type 5" leases in Item 24 of the Lease Detail Supplement

page(s). Enter dollar and cents.

Item 8. TOTAL TAX AND FEE DUE: Enter the total tax and fee

due amount by adding the amounts indicated in Items 2, 4,

6 and 7 of this page. Enter dollar and cents.

Item 9. CREDITS: Enter a credit amount if using a credit from another filing period to offset the liability in this filing period. In order to process the

transfer of credit, the "Credit Transfer Form for Natural Gas Tax," Form 10-147, must be signed and submitted.

Item 10. NET AMOUNT DUE: Enter the net amount due by subtracting Item 8 from Item 9 of this page. Enter dollar and cents.

Item 11. PENALTY & INTEREST: If payment is 1-30 days late, a 5% penalty is assessed on the tax balance due. If a balance is remaining after 30

days, an additional 5% penalty is assessed on the tax balance due. Interest begins to accrue on the 61st day after the due date of a filing

period. The interest rate varies annually. For current interest rate information, call the Comptroller toll free at (877) 447-2834 or visit our

Web site at

Item 12. TOTAL AMOUNT DUE AND PAYABLE: Add the amounts in Item 10 and Item 11. Make the amount in Item 12 payable to STATE

COMPTROLLER.

Form 10-159 - Producer Report Of Natural Gas Tax Page 2

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