Abilene Texas Form 4549 2017-2025

Abilene Texas Form 4549: What You Should Know

Per the Texas Secretary of State's website, all business activity relating to the oil and gas production and processing activities of a person required to use Texas state sales taxes is taxable. The Texas Heavy Vehicle Use Tax (HT VUT) on oil and gas wells is set on the following schedule : Schedule A — Tax rate from 20 per barrel of produced oil or natural gas, in addition to the existing Texas use tax, to a maximum statewide total tax of 10.1 percent of gross receipts of that person from the sale or transfer of oil or gas from an oil and gas well. This tax is levied and collected only on oil and gas sales by the Texas Department of Transportation (Dot), Texas Railroad Commission(RCC), or Texas Tax Commission (TTC). Schedule B — Tax rate from 30 per barrel of produced oil or natural gas, in addition to the existing Texas use tax, to a maximum statewide total tax of 15.1 percent of gross receipts of that person from the sale or transfer of oil or gas. This tax is levied and collected only on oil and gas sales by the Texas Department of Transportation, Texas Railroad Commission(RCC), or Texas Tax Commission. Schedule C — Tax rate from 36 per barrel of produced oil or natural gas, in addition to the existing Texas use tax, to a maximum statewide total tax of 20.1 percent of gross receipts of that person from the sale or transfer of oil or gas. This tax is levied and collected only on oil and gas sales by the Texas Department of Transportation, Texas Railroad Commission, or Texas Tax Commission. Schedule D — Tax rate from 54 per barrel of produced oil or natural gas, in addition to the existing Texas use tax, to a maximum statewide total tax of 25 percent of gross receipts of that person from the sale or transfer of oil or gas. These tax rates increase as the oil and gas wells are drilled farther from the well-head or are deeper wells. This tax is levied and collected only on oil and gas sales by the Texas Department of Transportation, Texas Railroad Commission, Texas Tax Commission, or Texas Tax Commission. Schedule F — Tax rate from 60 per barrel of produced oil or natural gas, in addition to the existing Texas use tax, to a maximum statewide total tax of 35 percent of gross receipts of that person from the sale or transfer of oil or gas.

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