Oregon Statutes - Chapter 324 - Oil and Gas Tax
- 324.050 Definitions.
As used in this chapter, unless the context requires otherwise: (1) “Department” means the Department of Revenue. (2) “Gas” means natural gas and casinghead gas....
- 324.070 Imposition of tax; rate; basis of levy.
(1) A privilege tax of six percent of the gross value at the well is levied upon the production of oil and gas within the...
- 324.080 Exemptions of gross sales value.
An exemption from the tax levied on oil or gas imposed by ORS 324.070 is granted upon the first $3,000 in gross sales value of...
- 324.090 State and local government interests exempt; credit of taxes imposed by state and local governments.
(1) Any royalty or other interest in oil or gas owned by the state, counties, cities, towns, school districts or other municipal corporations or political...
- 324.110 Quarterly payment of tax; computation of prevailing cash price.
(1) The gross production tax on oil or gas imposed by this chapter shall be paid on a quarterly basis. The tax shall become due...
- 324.120 Statement by taxpayer; other required information.
(1) The tax imposed by this chapter shall be paid to the Department of Revenue and the person paying the tax shall file with the...
- 324.130 Statement of producer; filing of statement.
(1) Any person engaged in the production within this state of oil or gas shall, on or before the 45th day following the preceding quarterly...
- 324.140 Penalty for delinquent reports; report of claimed exempt royalties.
(1) Reports required under ORS 324.120 and 324.130 from either the purchaser or producer, as the case may be, shall be delinquent after the last...
- 324.170 Audit; interest on delinquent tax or deficiency.
(1) The provisions of ORS chapters 305 and 314 as to the audit and examination of reports and returns, determination of deficiencies, assessments, claims for...
- 324.180 Notice to person liable for unpaid tax.
If any person neglects or refuses to make a return required to be made by this chapter, the Department of Revenue is authorized to determine...
- 324.190 Collection of unpaid tax.
(1) If any tax imposed by this chapter, or any portion of such tax, is not paid within 30 days after the date that the...
- 324.200 Release of lien on real estate.
(1) Any person having a lien upon or any interest in real estate against which the amount of the warrant provided for in ORS 324.190...
- 324.210 Status of taxes, interest and penalties as debt; limitation on time of collection.
All taxes, interest and penalties due and unpaid under this chapter, shall constitute a debt due the State of Oregon from the person liable for...
- 324.240 Payment of tax when oil or gas in litigation.
When oil or gas subject to gross production tax under this chapter is in litigation or dispute involving ownership of the oil or gas, and...
- 324.310 Powers of department.
The Department of Revenue may: (1) Require any producer of oil or gas, purchaser of oil or gas, agent or employee of any producer or...
- 324.320 Rulemaking authority of department.
(1) The Department of Revenue is authorized to adopt all necessary rules for the purpose of making and filing all reports required under this chapter...
- 324.340 Net revenue payable to Common School Fund.
(1) The revenues derived from the tax imposed by this chapter including interest and penalties, shall be deposited in a suspense account created pursuant to...
- 324.410 Prohibited conduct; civil penalty.
(1) No person, or officer or employee of a corporation, or a member or employee of a partnership, shall, with intent to evade any requirement...
- 324.510 Content of statement or settlement sheet.
All statements or settlement sheets for oil or gas shall have stamped or written thereon the following words: “Gross production tax deducted and paid, and...
- 324.520 Duty to provide information to department; penalty.
(1) It shall be the duty of every person engaged in the production of oil and gas in this state to furnish to the Department...
Last modified: August 7, 2008