Amounts deducted under the provisions of the Oil and Gas Proceeds and Pass- Through Entity Withholding Tax Act are a collected tax. A remittee who receives payment of oil and gas proceeds or an owner with an allocable share of net income does not have a right of action against the remitter or pass-through entity for the amount deducted and withheld from the oil and gas proceeds or an allocable share of net income.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.