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For natural gas reporting, the lease type doesn change if you e reporting a legislative exemption (tax incentive)?

April 26, 2017lease legislative natural gas tax type

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Posted

For natural gas reporting, the lease type doesn change if you
e reporting a legislative exemption (tax incentive)?

1 Answer

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Posted

No, the lease type will always be a “1” for an oil lease or “2” for a gas lease. There’s a separate block to report your exemption type.