Fillable Form 10-157 - Purchaser Report Of Natural Gas Tax (Page 2 of 4) in pdf

Form 10-157 (Back)(Rev.6-12/3)

Instructions for Completing

Texas Purchaser Report of Natural Gas Tax

Who Must File - Every first purchaser and/or processor of natural gas produced in Texas who takes delivery at the lease are required to file a

Natural Gas Tax Purchaser Report. If the purchaser natural gas tax account is active, then this report must be filed even if no transactions

occurred.

When to File - This report must be filed or postmarked on or before the 20th day of the second month following the month of production. If the due

date falls on a Saturday, Sunday or legal holiday, the next business day will be the due date.

For Assistance - For assistance, please call 1-800-252-1384 or 512-463-4600. Forms and additional information are available online at

General Information

This report must be accompanied by all Lease Detail Supplement pages (Form 10-161). It is recommended that the supplement pages be

completed prior to completing the Report Totals and Tax Computation page.

Do NOT report corrections to previous filing periods on this report. The "Amended Natural Gas Tax - Purchaser Report" (Form 10-167) must be

filed to correct previously reported data or to report data omitted from your original report.

Do NOT write in shaded areas.

Specific Information

Item c. Taxpayer Number: Enter your 11-digit taxpayer number assigned by the Comptroller's office.

Item e. Filing Period: Enter the month and year for the filing period. Example: March 2007.

Item 1. Total Net Taxable Value of Condensate: Enter the total amount of all net taxable value of condensate from Item 20 of the Lease Detail

Supplement page(s). Enter dollars and cents.

Item 2. Tax Due on Condensate: Enter the tax due amount on condensate by multiplying the value in Item 1 of this page by 0.046 (or 4.6%).

Enter dollars and cents.

Item 3. Total Net Taxable Value of Gas: Enter the total net taxable value of gas for all commodities in Item 20 of the Lease Detail Supplement

page(s), except for values that correspond with exemption "Type 5" leases and condensate values. Enter dollars and cents.

Item 4. Tax Due on Gas: Enter the tax due amount on gas by multiplying the net taxable value of gas in Item 3 of this page by 0.075 (or 7.5%).

Enter dollars and cents.

Item 5. Taxable Regulatory Fee Volume: Enter the sum of your volume for all leases reported in Item 14 of the Lease Detail Supplement page(s)

that includes the commodities of raw gas (RG), lease use (LU), and products (PR) less the total of all the governmental royalty volume

reported in Item 17. Include volumes for residue gas (RS) unless the residue volume is included as part of the plant product or raw gas

volume. Only include leases marked "Yes" as liable for tax due in Item 16. Leases with approved exemptions that report "Yes" as being

liable for tax for the raw gas (RG), lease use (LU) and product (PR) commodities are subject to the regulatory fee. The exception is leases

that are approved for the reactivated orphan well exemption are not subject to the regulatory fee. Enter whole numbers.

Item 6. Regulatory Fee Due: Enter the regulatory fee due amount

by multiplying the volume in Item 5 of this page by 0.000667.

Enter dollar and cents.

Item 7. Tax Due on Exemption Type 5: Enter the sum of all the

reduced tax due amounts reported with exemption "Type 5"

leases in Item 22 of the Lease Detail Supplement page(s).

Enter dollar and cents.

Item 8. Total Tax and Fee Due: Enter the total tax and fee due

amount by adding the amounts indicated in Items 2, 4, 6 and

7 of this page. Enter dollar and cents.

Item 9. Credits: Enter a credit amount if using a credit from another filing period to offset the liability in this filing period. In order to process the

transfer of credit, the "Credit Transfer Form for Natural Gas Tax" (Form 10-147) must be signed and submitted.

Item 10. Net Amount Due: Enter the net amount due by subtracting Item 8 from Item 9 of this page. Enter dollar and cents.

Item 11. Penalty & Interest: If payment is 1-30 days late, a 5 percent penalty is assessed on the tax balance due. If a balance is remaining after

30 days, an additional 5 percent penalty is assessed on the tax balance due. Interest begins to accrue on the 61st day after the due date

of a filing period. The interest rate varies annually. For current interest rate information, call the Comptroller at 1-877-447-2834 or visit our

website at

Item 12. TOTAL AMOUNT DUE AND PAYABLE: Add the amounts in Item 10 and Item 11. Make the amount in Item 12 payable to State

Comptroller.

Form 10-157 - Purchaser Report Of Natural Gas Tax Page 2

Related Articles

Related forms

Related Categories