Fillable Form 61 - Nebraska Severance And Conservation Tax Return (Page 2 of 3) in pdf

Instructions

Who Must File. Every person severing oil or natural gas from the soil of Nebraska must pay the severance

and conservation tax, unless the severed oil or natural gas is sold in Nebraska. If the oil or natural gas is sold in

Nebraska, the first purchaser must pay the tax. Every person required to pay the severance or conservation tax

must file a Nebraska Severance and Conservation Tax Return, Form 61, on or before the due date.

Do not make adjustments for a prior month on the current month’s Form 61.

When and Where to File. This return, schedules, and tax payment must be filed every month on or before the

last day of the month following the month in which the resources were severed from the leases. A return must be

filed even if there is no tax due.

Form 61 and Schedules I and II, as well as the tax payment, must be mailed to the Nebraska Department of Revenue,

PO Box 94818, Lincoln, NE 68509-4818. A copy of Form 61 and Schedules I and II must also be mailed to the

Nebraska Oil and Gas Conservation Commission, PO Box 399, Sidney, NE 69162-0399.

Amended Returns. File a separate Form 61, and the appropriate Schedules I and II, whenever the information

on a return or schedule previously-filed is not correct. Clearly mark “amended” at the top of the returns and

schedules. Report the net change only on the amended returns and schedules. The net change is the difference

between the original figures and the correct figures for the tax period.

If the amended returns will reduce the previous tax liability, attach an explanation and any other documentation to

support the reduction in tax owed. The amended returns will be processed and any credit will be placed on your

account. If the credit is two dollars or greater, a claim for refund must be filed within three years after the tax was

paid. To file a claim for refund, attach a signed letter to the amended returns requesting the credit amount to be

refunded. The request for refund must contain an authorized signature.

If the amended return results in additional tax owed, calculate the applicable penalty and interest. The penalty and

interest rates are in the tables below.

The severance and conservation tax rates in effect for the tax month being amended must be used to calculate the

amended return.

Severance Tax Rate Schedule

Since Jan. 1, 1997:

2% stripper oil

3% nonstripper oil, and

3% natural gas

Conservation Tax Rate Schedule

03-01-2013 through current period

4.0 Mills (.004)

04-01-2010 through 02-28-2013

2.0 Mills (.002)

07-01-2009 through 03-31-2010

7.0 Mills (.007)

09-01-2008 through 06-30-2009

1.0 Mill (.001)

04-01-2008 through 08-31-2008

2.0 Mills (.002)

06-01-2006 through 03-31-2008

3.0 Mills (.003)

04-01-2003 through 05-31-2006

4.0 Mills (.004)

07-01-2000 through 03-31-2003

5.0 Mills (.005)

01-01-2000 through 06-30-2000

7.0 Mills (.007)

07-01-1998 through 12-31-1999

10.0 Mills (.010)

01-01-1997 through 06-30-1998

5.0 Mills (.005)

Form 61 - Nebraska Severance And Conservation Tax Return Page 2

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