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42.25.1803 TREATMENT OF NONWORKING INTERESTS (ROYALTIES) (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. History: 15-36-322, MCA; IMP, 15-36-304, MCA; NEW, 1996 MAR p. 2001, Eff. 7/19/96; AMD, 2000 MAR p. 1347, Eff. 5/26/00. |
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