IDAPA 35.01.03.632 — PROPERTY EXEMPT FROM TAXATION - OIL OR GAS RELATED WELLS

Section 63-602OO, Idaho Code
01.
Definitions of Oil or Gas Well.
(7-1-24)
a.
Wells drilled for the production of oil, gas or hydrocarbon condensate may include the well, casing,
and other structures permanently affixed inside the well, and the land inside the perimeter of the well.
(7-1-24)
b.
The well will include the part where the gas producing stratum has been successfully cased off
from any oil.
(7-1-24)
02.
Ineligible Land and Equipment.
(7-1-24)
a.
Wellheads and gathering lines or any line extending above ground level will not qualify. Equipment
used for the extraction, storage, or transportation of oil, gas, or hydrocarbon condensate will not qualify.
(7-1-24)
b.
Land, other than that used for the well as defined in Subsection 632.01 of these rules, will not
qualify. If the presence of the well increases the market value of nearby land, the assessed value of such land will
reflect the increase, unless the land qualifies independently for any other property tax exemption.
(7-1-24)