North Dakota Oil Producers Report And Oil Purchasers Report Instructions Sheet (Page 10 of 23) in pdf

North Dakota Oil Producers Report And Oil Purchasers Report Instructions Sheet Page 10

Line 7.

Interest on Late Oil Extraction Tax. The oil extraction tax is subject to the same interest provisions as the gross production

tax. However, interest must be computed separately for each tax type. See instructions for line 3.

Do not include interest on refunds on line 7. See General Reporting Instructions # 11 for information regarding interest on

refunds.

Line 9.

Total Due with Report. Add the tax, penalty and interest due for the gross production tax and the tax, penalty and interest due

for the oil extraction tax (lines 4 and 8).

Line 10. Credits Claimed. Enter the total approved credit to be applied as a positive value on line 10 of the current report. The

Commissioner does not have the authority to pay interest on a tax credit.

Line 11. Total Paid with this Report. Subtract the total credits on line 10 from the total tax, penalty and interest due on line 9 and remit

this amount. (Estimated payments will not be accepted. The tax remitted with the report must equal the total tax due less any

credits claimed.)

Electronic Worksheets: You must check the box if the worksheets associated with the coversheet are filed electronically.

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North Dakota Oil Producers Report And Oil Purchasers Report Instructions Sheet Page 10