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OKLAHOMA TAX COMMISSION Gross Production Online Reporting System User Guide Rev Date 09/07/2011 (V1.0) Page 1 of 10 OKLAHOMA TAX COMMISSION Table of Contents Gross Production Online Reporting System.

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For FY 2021, the base gross production tax rate for both oil and natural gas was 7%. Qualified new production was taxed at 5% for the first 36 months of production. Oil and Gas Excise Tax: 0.095 of 1% of gross value.

No ad valorem taxes are assessed by Oklahoma. North Dakota: Oil severance taxes are 10.0% of oil revenue. Gas severance tax is assessed at $0.0601 per Mcf of gas sales. The effective rate of severance tax of NGLs was $0.462 per bbl as a calculation of the gas severance tax rate and the yield applied.

Gross production taxes are paid to the Oklahoma Tax Commission monthly by the first purchaser of the minerals, and withheld from the payment to the owner of the mineral rights.

7 percent for gross value of oil and gas production.

Collecting Sales Tax The Oklahoma state sales tax rate is 4.5%.

Oklahoma's state sales and use tax rate is 4.5%. Local taxes may also apply. Local taxes apply to the same taxable items and services as the Oklahoma state sales tax rate.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232