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ID S1098
Bill
Status
3/24/2017
Primary Sponsor
Resources and Environment Committee
Click for details
AI Summary
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Oil and gas producers in Idaho must file monthly statements with the Idaho State Tax Commission on forms prescribed by the commission.
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Monthly statements must include the name, description, and location of every well or wells and every field in which the wells are located, plus any other reasonable information required by the tax commission.
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Statements must be signed and sworn to by the producer or a designated representative.
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The Idaho State Tax Commission is authorized to conduct audits of producer compliance with these filing requirements at least every 3 years.
Legislative Description
Adds to existing law to require producers to file monthly statements with the Idaho State Tax Commission, to provide for contents of the statements and to provide that statements or reports shall be signed and sworn to by the producer or a designee.
OIL AND GAS
Last Action
Session Law Chapter 116 Effective: 07/01/2017
3/24/2017