Fillable Form 10-174 - Amended Crude Oil Tax - Producer Special Report

Form 10-174 - Amended Crude Oil Tax - Producer Special Report - 2008/2 Page 2

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Form 10-174 (Back)(Rev.4-08/2)

INSTRUCTIONS FOR COMPLETING

TEXAS AMENDED CRUDE OIL TAX PRODUCER SPECIAL REPORT

WHO MUST FILE - This amended report is used by a crude oil producer or operator who is not normally required to file a report. Use this amended

report form to correct information previously reported or to add new information omitted from an original crude oil tax producer special report.

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

Round barrels in each reported item to a whole number. Two decimals are required on all dollar values.

Provide your 11-digit Texas taxpayer number when corresponding with our office.

SUMMARY DATA INSTRUCTIONS

Item 1. Total of all taxable barrels (Item 16) from lease detail supplement(s). Enter whole barrels.

Item 2. Total of all net taxable values (Item 20) from lease detail supplement(s). Enter dollars and cents.

Item 3. Calculate the regulatory tax and fee assessment. Multiply total taxable barrels from Item 1 by the regulatory tax and fee assessment rate.

The current rate is 0.008125 which is a combined total of the Oil Field Clean-up Fee of $0.00625 and the Regulatory Tax of $0.001875 per

barrel.

Item 4. Calculate the tax due. Multiply total net taxable value from Item 2 by 0.046 (4.6%). Enter dollars and cents.

Item 5. Total tax and fee due is the total of the values in Items 3 and 4. Enter dollars and cents.

Item 6. Overpayment. If using a credit in another period(s) to offset tax and fee due, a "Credit Transfer Form for Crude Oil Tax" (Form 10-141)

must be completed in order to move the credit.

Item 7. Subtract the amount of overpayment, if applicable, from Item 5 and enter the amount due.

Item 8. If this amended report results in a liability, calculate the penalty and interest due on the balance. If payment is 1-30 days late, a 5% penalty

is assessed on the tax balance due on the due date. 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.

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

Item 9. Enter the total amount due in Item 9. The check should equal the amount due and is payable to the STATE COMPTROLLER.