North Dakota Oil Producers Report And Oil Purchasers Report Instructions Sheet Page 8

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• For a tax exemption, within 18 months after the month in which the first incremental oil was produced.
• For a tax rate reduction, within 18 months after the end of the period qualifying the project for the rate reduction.
• To receive a tax exemption or a rate reduction on production for which any other tax exemption or rate reduction may apply,
the Industrial Commission’s certification must be submitted to the Commissioner within 18 months of completion,
recompletion, or other qualifying date.
If the Industrial Commission’s certification is not submitted to the Commissioner within the 18 month period specified, the tax exemp-
tion or rate reduction does not apply for the production periods for which the certification is not on file. When the certification is
submitted to the Commissioner after the 18 month period, the tax exemption or rate reduction applies to prospective periods only and
is effective the first day of the month in which the certification is received by the Commissioner.
Page 7

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