Form Wv/sev-400v - West Virginia Additional Tax On The Severance Of Natural Resources

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STATE TAX DEPARTMENT
WV/SEV-400V
INTERNAL AUDITING DIVISION
ORG 8/05
P. O. BOX 425
CHARLESTON, WV 25322-0425
TAXPAYER IDENTIFICATION NUMBER:
____________________________________________________
PERIOD ENDED: __________________________
DUE DATE:
__________________________
MONTHLY/QUARTERLY RETURN
FOR ASSISTANCE CALL: (304) 558-3333
TOLL FREE 1-800-982-8297
Visit our web site at:
WEST VIRGINIA ADDITIONAL TAX ON THE SEVERANCE OF NATURAL RESOURCES
MONTHLY/QUARTERLY ESTIMATE RETURN
GENERAL INFORMATION AND INSTRUCTIONS FOR FILING ADDITIONAL ANNUAL SEVERANCE TAX 11-13V
For periods beginning on or after December 1, 2005, additional privilege taxes are imposed on severing or producing natural resources
in this state for the purpose of the unfunded liability in the workers’ compensation fund or payment of principal and interest on workers
compensation debt retirement bonds or both.
1. Upon every person exercising the privilege of engaging within this state in severing, extracting, reducing to possession or producing
coal for sale, profit or commercial use, there is imposed an additional annual severance tax. The tax is fifty-six cents per ton and the
measure of the tax is tons of clean coal severed or produced in this state after November 30, 2005.
2. For the privilege of engaging or continuing within this state in the business of severing natural gas for sale, profit or commercial use,
there is levied and shall be collected from every person exercising this privilege an additional annual privilege tax equal to four and seven-
tenths cents per 1,000 cubic feet (mcf) of natural gas produced at the wellhead in West Virginia after November 30, 2005. The term
“taxable natural gas production” excludes production from coal bed methane wells and production from low volume wells that is excluded
from the five percent severance tax imposed under Section 11-13A-3a of the West Virginia Code.
3. For the privilege of engaging or continuing within this state in the business of severing timber for sale, profit or commercial use, there
is levied and shall be collected from every person exercising this privilege an additional annual privilege tax equal to two and seventy-
eight hundredths percent of the gross value of the timber produced, after November 30, 2005, determined at the point where the produc-
tion privilege ends for purposes of the tax imposed by 11-13A-3b of the West Virginia Code.
West Virginia Code 11-13V -7-For taxpayers whose aggregate estimated tax liability under this article and article 13A exceeds one
thousand dollars per month, the tax is due and payable in monthly installments on or before the last day of the month following the month
in which the tax accrued except the monthly installment due for May will be due on June 15th. For taxpayers whose estimated tax liability
under this article is one thousand dollars per month or less the tax is due and payable in quarterly installments on or before the last day
of the month following the quarter in which the tax accrued. When the taxpayer’s annual aggregate liability for tax under this article and
article 13A of this chapter exceeds $50,000 for the prior tax year, payments of estimated tax required by this article and Article 13A during
the then current tax year shall be by electronic funds transfer.
X
RESOURCE
TAXABLE AMOUNT
RATE
TAX DUE
1.
COAL
$0.56/ton
$
Tons
2.
$0.047/mcf
NATURAL GAS
Mcf
$
$0.0278
3.
$
TIMBER
Gross Value
$
4.
TOTAL TAX DUE (Lines 1, 2 and 3)
$
SIGNATURE OF TAXPAYER OR PREPARER
DATE

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