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Current as of January 01, 2023 | Updated by FindLaw Staff
(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 department at the time the tax is required to be paid, a statement, under oath, on forms prescribed by the department, giving, with other information required, the following:
(a) Full description of the property by lease name, subdivision of quarter section, section, township and range from which the oil or gas was produced;
(b) The name of the producer;
(c) The gross amount of the oil or gas purchased;
(d) The total value of the oil or gas at the price paid, if purchased at time of production;
(e) The formation from which the oil or gas is produced; and
(f) The prevailing market price of oil or gas sold at time of production.
(2) If a purchaser of oil or gas pays the tax, the producer of the oil or gas for which the tax is being paid shall make available to the purchaser all information required under subsection (1) of this section. In lieu of the statement, a purchaser, at time of production, may furnish a true verified copy of the regular settlement sheet in use by such purchaser, if the sheet contains all the information required.
Cite this article: FindLaw.com - Oregon Revised Statutes Revenue and Taxation § 324.120 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-29-revenue-and-taxation/or-rev-st-sect-324-120/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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