Form R-9015i - Instructions For Form Sev. O-1d

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R-9015i (4/12)
Instructions for Form Sev. O-1d
Reporting company name/address – Self-explanatory.
Schedule Code Legend
Revenue Account Number – This is your 10-digit Louisiana Tax Number.
Code
Schedule – category
Reporting company number – Producer code number or transporter code number
1
Tax computed and paid herewith.
assigned by the Louisiana Office of Conservation or number assigned by the Department
Tax due others and not computed or paid herewith. (Royalty Owner and Working
of Revenue (Severance Tax Section) to taxpayers who are not producers or transporters.
2
Interest take in kind to be reported under Schedule 2 if others are responsible to tax.)
5
U.S. Government Royalty - NO TAX DUE.
Taxable Period – Period for which the tax is due. Volumes and Taxes for more than
one taxable period are not to be combined; they are to be reported separately.
Used in conjunction with a tax rate D by the party who would be responsible for
D
paying the tax if the production was not exempt.
Field, Producer, Lease, Purchaser names – Self-explanatory.
Used in conjunction with a tax rate H by the party who would be responsible for
H
paying the tax if the production was not exempt.
Parish, Field, Producer, Lease codes, Well Serial Numbers – Codes assigned by
Used in conjunction with a tax rate I by the party who would be responsible for
the Louisiana Office of Conservation. Use well serial numbers for deep or horizontal
I
paying the tax if the production was not exempt.
wells.
Used in conjunction with a tax rate N by the party who would be responsible for
N
Purchaser code – Producer or transporter code number assigned by the Louisiana Office
paying the tax if the production was not exempt.
of Conservation or reporting company number assigned by the Department of Revenue.
Used in conjunction with a tax rate 3 by the party who would be responsible for pay-
S
ing the tax if the production was not exempt. The exemption applies to production
Kind code – Code assigned by the Department of Revenue to identify category of
after June 1, 1994, as long as the gross taxable value is less than $20.00 per barrel.
resource being reported. (See Kind Code Legend below.)
Used in conjunction with a tax rate 1, 2, or 3 by the party responsible for pay-
ing the tax on primary/secondary barrels. Used in conjunction with tax rate T by
T
Tax rate code – Code assigned by the Department of Revenue to designate tax rate
the party who would be responsible for paying the tax if the production was not
of resource being reported. (See Tax Rate Code Legend below.)
exempt.
Barrels – Total barrels for the taxable period for which codes on the line item are applicable.
Tax Rate Code Legend
Gross taxable value amount – Gross value of resource.
Code
Tax rate – category
Barge, pipeline, or truck charge amount – Amount charged and withheld by first
purchaser or charges allowed by the Department of Revenue in those instances
1
Full Rate - Oil and Condensate - 12.5 percent of value.
where no second or third party is involved in transporting the oil.
2
Half Rate - Oil - 6.25 percent of value.
Net taxable value amount – Gross taxable value less barge, pipeline, or truck charges.
Stripper Rate - Oil - 3.125 percent of value. Stripper exemption under Act 2 of
3
the 1994 Regular Session of the Louisiana Legislature applies to production after
Schedule code – Code assigned by the Department of Revenue to designate type of
June 1, 1994, provided the gross taxable value is less than $20.00 per barrel.
return. (See Schedule Code Legend below.)
Taxable Royalty or Working Interest take in kind. Tax not computed or paid
herewith. Tax to be paid by others. (Producer to report volumes only of taxable
4
Tax, penalty, and interest amount – Tax rate times net taxable value equals amount of tax
Royalty or Working Interest take in kind under Tax Rate Code 4 if Royalty Owner
due. This column to be completed for Schedule Code 1 only. Delinquent penalty is 5 percent
or Working Interest Owner is responsible for reporting tax.)
of tax liability for each 30 days or fraction thereof not to exceed 25 percent. Tax, penalty, and
U.S. Government Royalty. Volume and value only being reported. Tax not com-
interest must be reported as separate items. Interest is due if the payment is late. Refer to
5
puted or paid herewith. NO TAX DUE.
the Tax Interest Rate Schedule (R-1111) for monthly interest rates that apply. Form R-1111
6
Interest and penalty
is available on the Department’s website at
Reclaimed oil. Oil reclaimed by class one salvage crude reclamation facilities that
Totals – To be entered on last page of SEV. O-1d.
are permitted by the Office of Conservation - 3.125 percent of value received by
9
the first purchase. Any person or affiliate of a person engaged in severing oil, gas,
or other natural resources, or operating oil or gas property, or other property from
NOTE: A Parish Summary Form, SEV. O1s, must accompany this return.
which natural resources are severed, shall not be eligible for the reduced tax rate.
Deep well. Production beginning at a true vertical depth of more than 15,000
Kind Code Legend
feet and commences after July 31, 1994, from a well approved as a deep well
D
by the Office of Conservation.
Code
Kind
Horizontal well. Production from an approved horizontal well or horizontally
1
Oil
recompleted well from which production commences after July 31, 1994. This
H
well must be approved by the Office of Conservation.
2
Condensate
Inactive well. Production from an approved well that has been inactive for two
6
Interest and penalty
or more years or having 30 days or less of production during the last two years.
Application must be made to the Office of Conservation prior to production,
during the period beginning July 31, 1994, and ending June 30, 2000, for a 5
I
year severance tax exemption; for the period beginning July 1, 2002 and ending
Produced Water Injection Incentive Tax Rate Code Legend–
December 31, 2004 for a 2 year severance tax exemption, and for the period
Approved Projects Only
beginning January 1, 2005 and ending June 30, 2010 for a 5 year severance tax
exemption. This well must be approved by the Office of Conservation.
Code
Tax rate – category
T
Tertiary recovery projects approved by the Office of Conservation.
1P
Produced water - Full rate - 10 percent of value.
2P
Produced water - Incapable oil rate - 5 percent of value.
3P
Produced water - Stripper oil rate - 2.5 percent of value.
Anthropogenic CO2 Tertiary Recovery Incentive Tax Rate Code
Legend – Approved Projects Only
Code
Tax rate – category
1T
Full rate – 6.25 percent of value
2T
Incapable oil rate – 3.125 percent of value
3T
Stripper oil rate – 1.5625 percent of value

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