Exemptions |
  
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Exemptions |
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State certified Exemptions provide tax-relief on reported revenue. The two digit codes for exemptions and their description are provided below:
Code |
Description |
03 |
Two Year Inactive Well |
04 |
Flared Gas |
05 |
High Cost Gas Reduced Tax Rate |
06 |
High Cost Gas 100% Exemption |
07 |
Three Year Inactive Well |
08 |
Co-Production Projects |
09 |
Incremental Production |
11 |
Low Producing Wells |
12 |
Orphan Wells |
15 |
Geothermal energy, effective Sept. 1, 2009 |