Examples of Severance tax in a sentence
Severance tax allocated to the trust during the period is reported in Column (b) of Part I.
Severance tax paid by the Trust during the period covered is reported in Column (b) of Part I (page 2).
Severance tax on coal extracted incident to highway construction performed under §17-27-1 et seq.
Severance tax bond proceeds were allocated by the State Legislature to the agency to administer disbursements to the project recipients, and the Department is not obligated in any manner for the related indebtedness.
Enter the total taxable Mcf’s of Gas on Line 3, Column 1.Enter the total taxable value of Gas on Line 3, Column 2.Line 4- Multiply the figure on Line 3, Column 2 by 5% (.05)Enter the total Severance tax due for Gas on Line 4, Column 3.
The Oil and Gas Severance tax is assessed at 3.75% of the taxable value of the oil or natural gas severed.
Severance tax per mcfe is based on NYMEX prices of $60.00 per bo and natural gas prices ranging from $9.00 to $11.30 per mcf during Q4 2005, $60.00 per bo and natural gas prices ranging from $7.25 to $12.50 per mcf during calendar 2005, $50.00 per bo and $6.75 to $7.60 per mcf during calendar 2006 and 2007.
The unit also considers a range of post-production methodologies, exploring the practical, contextual and theoretical elements of these, and focusing on the creation of meaning through editing techniques.
The Oil and Gas Severance tax is imposed on oil and natural gas that is severed and sold in the State of New Mexico.
Severance tax rates in certain instances, where authorized by taxing authorities, have severance tax abatements and were provided by your office and applied when appropriate.