This form is an agreement used when the Owner is the owner of oil and gas properties consisting of producing mineral, royalty, overriding royalty, and working interests, and/or leased and unleased nonproducing mineral and royalty interests, all collectively referred to in this Agreement as the Properties. Owner desires to engage the services of Manager to advise and assist Owner in the management of the Properties, and Manager is willing to undertake those responsibilities in accordance with this Agreement.
Iowa Oil Gas Service Agreement for Management of Properties
Category:
State:
Multi-State
Control #:
US-OG-629
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oil Gas Service Agreement For Management Of Properties?
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FAQ
Labor is not subject to sales and use tax if performed on or in connection with new construction, reconstruction, alteration, expansion, or remodeling of a building or structure. More information is available in our contractors publication.
The contractor is responsible for paying tax to the supplier on materials.; The contractor does not charge tax to the customer on the labor or materials. Examples of new construction, reconstruction, alteration, expansion, and remodeling activities.
Sales of tangible personal property in Iowa are subject to sales tax unless exempted by state law. Sales of services are exempt from Iowa sales tax unless taxed by state law. The retailer must add the tax to the price and collect the tax from the purchaser.
(Vehicle repair is a taxable service.) An Iowa resident sends tangible personal property out of state to be repaired. The repair service is not taxable in Iowa.