Oil & Gas Taxes Detail Report Instructions

parenthesis in the Tax Due Column for the tax credit amount.

Grand Total - For each report being submitted on a monthly basis,

add up all the page totals of all the Forms RPD-41132 to derive a

Volume Column - Enter the volume of the product severed and sold

grand total for the entire report.

by the production unit/suffix during the sales month which is being

reported on each line of the Form RPD-41132. When reporting oil or

AMENDING PREVIOUSLY FILED REPORTS

condensate, report to the nearest whole barrel of production. When

reporting gas or gas products report to the nearest MCF at 15.025

If you are submitting a series of amendments for multiple months,

P .S.I.A. Do not enter decimals or commas in this field.

a separate Form RPD-41132, Oil & Gas Tax Detail Report must be

submitted for each sales month for which amendments are being

Gross Value Column - Enter the gross value for the products being

made. However, only one Oil & Gas Taxes Remittance Document

reported on each line.

(the small document with the pre-printed scan line) and one Form

RPD-41131, Oil & Gas Taxes Summary Report is required.

Transportation Deduction Column - Enter the allowable costs as-

sociated and realized with the movement of the product by an affiliate,

All amendments must adhere to the following requirements:

third-party transporter or pass-throughs from the buyer/marketer.

For sales months reported after implementation of ONGARD report-

Processing Deduction Column - Enter the allowable costs associ-

ing requirements are:

ated and realized with the processing of natural gas. Associated

costs include processing by an affiliate, third-party processor or

(A) Reverse the original entries as originally reported, use paren-

pass-throughs from the buyer/marketer. No processing costs should

theses to indicate a credit entry and then,

be associated with percentage of proceeds contracts.

(B) Enter the new amended line entries.

Royalty Deduction Column - Enter the amount of royalty paid or

due to the United States, the State of New Mexico or any Indian tribe,

Failure to properly amend your return will result in an incorrect report

nation or pueblo that is a ward of the United States. Royalty deduc-

and may generate a notice of discrepancy.

tions should only be claimed on suffixes identified by land types of

"F" for federal land, "S" for state land, or "I" for indian land.

Tax Due Column - Enter the combined tax due for Oil & Gas

Severance Tax, Oil & Gas Conservation Tax, Oil & Gas Emergency

School Tax and the Oil & Gas Ad Valorem Production Tax. To deter-

Mail or deliver the completed form to:

mine the combined amount of tax due, subtract the deductions for

transportation, processing and royalties from the gross value and

New Mexico Taxation and Revenue Department

multiply the result by the combined rate of tax for the production

Oil and Gas Bureau

unit and suffix.

1200 South St. Francis Drive

P . O. Box 2308

Page Total - Add up the numbers entered in the columns titled "Gross

Santa Fe, NM 87504-2308

Value", "Transportation Deduction", "Processing Deduction", "Royalty

Telephone: (505) 827-0812

Exemption" and "Tax Due" and enter the total of each column in the

row titled "Page Total".

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Oil & Gas Taxes Detail Report Instructions - 2007 Page 2

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