ARM 42.25.1803

ARM 42.25.1803. TREATMENT OF NONWORKING INTERESTS (ROYALTIES)

Last amended: 2000Length: 58 wordsOfficial source

Cite as Mont. Admin. R. 42.25.1803

(1) Nonworking interest owners' share of production paid to the federal, state, tribal, county or municipal governments pursuant to the lease are deductible from gross value in determining oil or natural gas production tax. (2) Nonworking interest owners' oil and natural gas production is subject to different tax rates than the working interest, as shown in ARM 42.25.1809.
ARM 42.25.1803: ARM 42.25.1803. TREATMENT OF NONWORKING INTERESTS (ROYALTIES) | Justis AI