Oregon § 324.120 Statement by taxpayer; other required information

Oregon Statutes

§ 324.120 — Statement by taxpayer; other required information

Oregon § 324.120

Vol.8

Title 29Revenue and Taxation

Ch. 324Oil and Gas Tax

This text of Oregon § 324.120 (Statement by taxpayer; other required information) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 324.120 (2026).

Text

(1)The tax imposed by this chapter shall be paid to the Department of Revenue and the person paying the tax shall file with the department at the time the tax is required to be paid, a statement, under oath, on forms prescribed by the department, giving, with other information required, the following:

(a)Full description of the property by lease name, subdivision of quarter section, section, township and range from which the oil or gas was produced;

(b)The name of the producer;

(c)The gross amount of the oil or gas purchased;

(d)The total value of the oil or gas at the price paid, if purchased at time of production;

(e)The formation from which the oil or gas is produced; and

(f)The prevailing market price of oil or gas sold at time of production.

(2)If a purchaser of oil or gas pay

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(1) The tax imposed by this chapter shall be paid to the Department of Revenue and the person paying the tax shall file with the department at the time the tax is required to be paid, a statement, under oath, on forms prescribed by the department, giving, with other information required, the following:
(a) Full description of the property by lease name, subdivision of quarter section, section, township and range from which the oil or gas was produced;
(b) The name of the producer;
(c) The gross amount of the oil or gas purchased;
(d) The total value of the oil or gas at the price paid, if purchased at time of production;
(e) The formation from which the oil or gas is produced; and
(f) The prevailing market price of oil or gas sold at time of production.
(2) If a purchaser of oil or gas pays the tax, the producer of the oil or gas for which the tax is being paid shall make available to the purchaser all information required under subsection (1) of this section. In lieu of the statement, a purchaser, at time of production, may furnish a true verified copy of the regular settlement sheet in use by such purchaser, if the sheet contains all the information required.