Code of Arkansas Rules Title 26 — Taxation
26 CAR § 167-107
Determination of new discovery gas, high-cost gas, or marginal gas
Official textcodeofarrules.arkansas.gov
# (a)
The producer of a proposed or existing gas well may apply, at any time, to the Director of the Oil and Gas Commission for determination that the well qualifies as a:
# (1)
New discovery gas well;
# (2)
High-cost gas well; or
# (3)
Marginal gas well.
# (b)
The director may require an applicant to provide any information required to administer this section.
# (c)
The director shall make the determination within fifteen (15) calendar days of the application by the producer, and the producer shall attach the determination to its severance tax form next due.
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In this chapter (10 sections)
- 167-101 · Purpose
- 167-102 · Definitions
- 167-103 · Determination of market value and marketing costs
- 167-104 · Categories of natural gas and classification of natural gas…
- 167-105 · Amount and nature of tax
- 167-106 · Cost recovery periods
- 167-107 · Determination of new discovery gas, high-cost gas, or…
- 167-108 · Apportionment of severance tax between royalty owner and…
- 167-109 · Monthly reports and payment of tax
- 167-110 · Monthly reports and payment of tax by first purchasers