Texas Comptroller Publishes Changes to Crude Oil, Natural Gas Tax Reporting Requirements

The Texas Comptroller of Public Accounts April 1 published changes to crude oil and natural gas excise tax reporting requirements. Crude oil producers and purchasers are required to report project numbers for corresponding leases involving tax exemptions or enhanced oil recovery projects and enhanced oil recovery projects using anthropogenic carbon dioxide. The publication also includes information on: 1) reporting requirements by exemption type; 2) crude oil and natural gas electronic tax filing software update; 3) the Motor Vehicle Sales and Use Tax Series to help guide taxpayers through common transactions related to motor vehicle sales tax; and 4) documentation for ...