A. Amounts withheld under the provisions of the Oil and Gas Proceeds and Pass- Through Entity Withholding Tax Act by a remitter are due on or before the twenty-fifth day of the month following the end of the calendar quarter when the taxes were required to be withheld.

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

B. Amounts withheld under the provisions of the Oil and Gas Proceeds and Pass- Through Entity Withholding Tax Act by a pass-through entity are due on or before the due date of the federal tax return required for the pass-through entity.

C. The amount withheld shall be remitted on a form and in a manner required by the department, provided that amounts withheld and remitted from oil and gas proceeds are kept distinct from every other tax or withheld amount.