What kinds of notification will the purchaser need to receive from the operator should the operator wish to report the tax?
The operator is required to provide the Director of Taxation and the first purchaser with written notification of this fact. Any form is satisfactory as long as the message is conveyed. The operator must provide the Department with the name of the lease, the Kansas lease code number and the name(s) and Kansas registration number(s) of all first purchasers. K.S.A. 79-4221 (b), If oil or gas is removed from the lease or production unit but not sold to a purchaser or if the operator elects to remit the tax as authorized under K.S.A. 79-4220 and amendments thereto, or the operator is required to remit the tax pursuant to K.S.A. 79-4220, . See http://www.kslegislature.org/legsrv-statutes/index.do .
Related Questions
- What kind of notification will the purchaser need to receive from the operator should the operator wish to report the tax?
- If the operator is not withholding and remitting the tax, must the operator submit a monthly report of production or sales?
- Do i have to report income from the sale of scrap metal?