Montana Code 82-11-131. Privilege and license tax
82-11-131. Privilege and license tax. (1) For the purpose of providing funds for defraying the expenses of the operation and enforcement of this chapter and expenses of the board, an operator or producer of oil and gas shall pay an assessment of 0.3% of the market value of each barrel of crude petroleum produced, saved and marketed, or stored within the state or exported from the state and the same rate on the market value of each 10,000 cubic feet of natural gas produced, saved and marketed, or stored within the state or exported from the state.
Terms Used In Montana Code 82-11-131
- Board: means the board of oil and gas conservation provided for in 2-15-3303. See Montana Code 82-11-101
- Department: means the department of natural resources and conservation provided for in Title 2, chapter 15, part 33. See Montana Code 82-11-101
- Gas: means all natural gases and all other fluid hydrocarbons, including methane gas or any other natural gas found in any coal formation, as produced at the wellhead and not defined as oil in subsection (3). See Montana Code 82-1-111
- Oil: means crude petroleum oil and other hydrocarbons, regardless of gravity, that are produced at the wellhead in liquid form by ordinary production methods and that are not the result of condensation of gas before or after it leaves the reservoir. See Montana Code 82-1-111
- Producer: means the owner of a well or wells capable of producing oil or gas or both. See Montana Code 82-11-101
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The board shall, by rule adopted pursuant to the provisions of the Montana Administrative Procedure Act, fix a percentage of the assessment and may from time to time reduce or increase the percentage of the assessment as the expenses chargeable against the oil and gas conservation fund may require.
(3)The board shall give the department of revenue at least 90 days’ notice of any change in the percentage of the rate adopted pursuant to this section.
(4)For the purposes of this section, the provisions of Title 15, chapter 36, part 3, apply to the privilege and license tax assessment.