Kansas Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-010
• Format: Word; Rich Text

Description

This is an affidavit that provides facts of the lack of production and drilling that may be required to maintain an oil and gas lease in effect. The Kansas Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations is a crucial document used by individuals or entities engaged in mineral exploration or oil and gas operations in Kansas. This affidavit serves as evidence that the property in question has experienced no recent production or operations. Keywords: Kansas, Affidavit of Nondevelopment, Affidavit of Nonproduction, No Recent Production, No Recent Operations 1. Overview of the Kansas Affidavit of Nondevelopment and Nonproduction: The Kansas Affidavit of Nondevelopment and Nonproduction is a legal document required by the Kansas Department of Revenue, Division of Property Valuation, to verify that a particular property has not undergone any recent production or operations. 2. Purpose and Usage of the Affidavit: This affidavit is typically submitted by individuals or entities who are either the property owners or leaseholders of a potentially productive natural resource property, such as mineral or oil and gas rights. It is used to claim an exemption from property tax assessments for a specified period, given the lack of recent production or operations. 3. Parties Involved: The Affidavit is completed by the property owner, leaseholder, or an authorized representative acting on their behalf. The Kansas Department of Revenue, Division of Property Valuation, is the governing body responsible for processing and reviewing these affidavits. 4. Importance of the Affidavit: By submitting the Affidavit of Nondevelopment and Nonproduction, the property owner or leaseholder can ensure that they are not unfairly taxed on under productive or nonproductive properties. This allows them to avoid unnecessary financial burdens during periods of low or no activity. 5. Contents of the Affidavit: The Affidavit typically requires the following information to be provided: a. Property Owner Information: Name, address, contact details, and identification. b. Property Description: Location, legal description, and parcel number. c. Nature of Property: Whether it involves mineral exploration or oil and gas operations. d. Detailed Nondevelopment and Nonproduction Statement: A declaration that no productive activities, such as drilling, mining, or extraction, have occurred within a specific time frame. e. Certification: The affidavit must be signed and notarized for legal validity. 6. Types of Kansas Affidavit of Nondevelopment and Nonproduction: The Kansas Affidavit of Nondevelopment and Nonproduction can be categorized into different types based on the nature of the property. For example: a. Mineral Exploration Affidavit of Nondevelopment and Nonproduction b. Oil and Gas Affidavit of Nondevelopment and Nonproduction 7. Filing and Subsequent Processes: Once completed, the affidavit should be promptly filed with the Kansas Department of Revenue, Division of Property Valuation. The department will review the submission and determine whether the property qualifies for tax exemption based on the provided information. It is essential to adhere to any specified deadlines or recurring filing requirements to maintain the exemption status. In conclusion, the Kansas Affidavit of Nondevelopment and Nonproduction plays a vital role in ensuring fair taxation for underdeveloped or nonproductive properties. By submitting this affidavit and fulfilling the necessary requirements, property owners can alleviate the potential financial burdens associated with property taxes during periods of no recent production or operations.

The Kansas Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations is a crucial document used by individuals or entities engaged in mineral exploration or oil and gas operations in Kansas. This affidavit serves as evidence that the property in question has experienced no recent production or operations. Keywords: Kansas, Affidavit of Nondevelopment, Affidavit of Nonproduction, No Recent Production, No Recent Operations 1. Overview of the Kansas Affidavit of Nondevelopment and Nonproduction: The Kansas Affidavit of Nondevelopment and Nonproduction is a legal document required by the Kansas Department of Revenue, Division of Property Valuation, to verify that a particular property has not undergone any recent production or operations. 2. Purpose and Usage of the Affidavit: This affidavit is typically submitted by individuals or entities who are either the property owners or leaseholders of a potentially productive natural resource property, such as mineral or oil and gas rights. It is used to claim an exemption from property tax assessments for a specified period, given the lack of recent production or operations. 3. Parties Involved: The Affidavit is completed by the property owner, leaseholder, or an authorized representative acting on their behalf. The Kansas Department of Revenue, Division of Property Valuation, is the governing body responsible for processing and reviewing these affidavits. 4. Importance of the Affidavit: By submitting the Affidavit of Nondevelopment and Nonproduction, the property owner or leaseholder can ensure that they are not unfairly taxed on under productive or nonproductive properties. This allows them to avoid unnecessary financial burdens during periods of low or no activity. 5. Contents of the Affidavit: The Affidavit typically requires the following information to be provided: a. Property Owner Information: Name, address, contact details, and identification. b. Property Description: Location, legal description, and parcel number. c. Nature of Property: Whether it involves mineral exploration or oil and gas operations. d. Detailed Nondevelopment and Nonproduction Statement: A declaration that no productive activities, such as drilling, mining, or extraction, have occurred within a specific time frame. e. Certification: The affidavit must be signed and notarized for legal validity. 6. Types of Kansas Affidavit of Nondevelopment and Nonproduction: The Kansas Affidavit of Nondevelopment and Nonproduction can be categorized into different types based on the nature of the property. For example: a. Mineral Exploration Affidavit of Nondevelopment and Nonproduction b. Oil and Gas Affidavit of Nondevelopment and Nonproduction 7. Filing and Subsequent Processes: Once completed, the affidavit should be promptly filed with the Kansas Department of Revenue, Division of Property Valuation. The department will review the submission and determine whether the property qualifies for tax exemption based on the provided information. It is essential to adhere to any specified deadlines or recurring filing requirements to maintain the exemption status. In conclusion, the Kansas Affidavit of Nondevelopment and Nonproduction plays a vital role in ensuring fair taxation for underdeveloped or nonproductive properties. By submitting this affidavit and fulfilling the necessary requirements, property owners can alleviate the potential financial burdens associated with property taxes during periods of no recent production or operations.