Attach To Form Dr 0021d - Colorado Oil And Gas Severance Tax Schedule

Attach To Form Dr 0021d - Colorado Oil And Gas Severance Tax Schedule - 2012

Web

DR 0021D (08/31/12)

COLORADO DEPARTMENT OF REVENUE

Colorado Oil And Gas

Denver CO 80261-0007

Vendor ID

Severance Tax Schedule

Page _____ of _____

(Attach to Form DR 0021)

Please round dollars

to whole dollars.

For tax year beginning _______________________, 20____ ending _____________________, 20 ____

Taxpayer’s Name

Social Security or Colorado Account Number

(A)

(B)

(C)

(D)

(E)

(F)

(G)

Producer Name

Gross Income

Net Gross Income

Ad Valorem

Net Ad Valorem

List each 0021W on a

Attributable to

(Column B-C)

Attributable to

(Column E-F)

Separate Line

Stripper Well

Production

Check Accounting Method

cash-basis or

accrual basis

•

1. Net gross income [total of column (D)] ............................................................................

•

2. Tax on total net gross income (see tax rate schedule below) ......................................

•

3. Net ad valorem tax [total of column (G)] ............................

•

4. Ad valorem tax credit, 87.5% of the amount on line 3 ..................................................

5. Net tax on oil and gas income, line 2 minus line 4. If line 4 is larger enter 0.

Enter here and on line 1 of form DR 0021 ........................................................................ 5

Tax Rate Schedule

If total net gross income is:

The tax is:

Under $25,000

2% of gross income

$25,000–$99,999

$500 plus 3% of the excess over $24,999

$100,000–$299,999

$2,750 plus 4% of the excess over $99,999

$300,000 and over

$10,750 plus 5% of the excess over $299,999

Attach To Form Dr 0021d - Colorado Oil And Gas Severance Tax Schedule - 2012

Related Articles

Related forms

Related Categories