Wyoming Administrative Code › Agency 011 - Revenue Dept › Sub-Agency 0005 - Mineral Tax › Chapter 6 - AD VALOREM AND SEVERANCE TAXES ON MINERAL PRODUCTION › Section 6-7 - Reporting and Payment Requirements

Current through July 13, 2024
(a) Each operator
				shall:
(i) For ad valorem (gross products)
				tax purposes, annually file a sworn statement required pursuant to
				W.S.
				39-14-107(a)(f) for coal,
				W.S. W.S. W.S.
				39-14-207(a)(i) for oil and
				gas, W.S. W.S.
				39-14-307(a)(i) for trona,
				W.S. W.S. W.S.
				39-14-407(a)(i) for
				bentonite, W.S. W.S.
				W.S.
				39-14-507(a)(i) for uranium,
				W.S. W.S. W.S.
				39-14-607(a)(i) for sand and
				gravel, W.S. W.S.
				W.S.
				39-14-707(a)(i) for other
				valuable deposits with the Department. The Department shall prescribe the form
				of the statement and may issue written instructions and guidelines to assure
				uniform compliance with the reporting requirements. The sworn statement shall
				include:
(A) Information identifying the
				operator and a description of the mine, or property from which any minerals
				were removed, extracted, severed or produced. Such description shall include
				the name of the property, legal description, lease or unit number, if any, and
				the code number assigned by the Department.
(B) Information concerning the total quantity
				or volume of the gross production in appropriate units of measurement as
				defined in Section
				4 a,
				paragraphs (d) and (e) for solid minerals and in Section
				4 b,
				paragraphs (c) and (d) for oil and gas. Any production which is reported as
				taken in kind shall be reported on actual production taken, including exempt
				royalty burdens, as opposed to production entitlement. Production and/or sales
				volumes and values for all producing wells located on a lease or unit shall be
				included in the tax return for that property.
(C) Information concerning the sale or use of
				any mineral or minerals removed, extracted, severed or produced. Such
				information shall include the quantity or volume and aggregate price of any
				mineral which is sold, and an estimate of the quantity or volume of any mineral
				which is stored or used without sale also including the use for the
				mineral;
(D) Current information
				regarding the extent and identity of exempt, working and non working interest
				owners or division orders if requested. All reporting interests must total one
				hundred percent (100%);
(E)
				Information concerning all costs which relate to processing and transportation;
				and
(F) Copies of coal sales
				contracts and contract summaries as required by W.S. W.S.
				W.S.
				39-14-107(a)(i)(A). Contract
				copies shall be submitted by the taxpayer within 18 months after the date of
				the agreement provided the contract is publicly available. Contracts are
				publicly available when available to the public through other government
				agencies, private consulting or data collection firms or through any other
				source which allows public access.
(G) Gross products filing dates for oil and
				natural gas reports;
(I) The statutory due
				date for annual oil and natural gas reports is February 25th of the year
				following the production year.
(II)
				Extensions of time to file these reports, for up to 60 days, may be granted for
				cause. Extension requests must be in writing and be received by the Mineral Tax
				Division prior to the statutory due date.
(Ill) In addition to the gross products
				reports filed with the Department of Revenue, each taxpayer whose current
				reported annual volume produced is in excess of 500,000 mcfs of gas or 50,000
				barrels of oil per county shall provide an estimate of taxable value to the
				appropriate county assessor by May 1 of the current reporting year to enable
				the various tax districts to begin their budget process in a timely and
				accurate manner. The Department may identify additional taxpayers for reporting
				under this subsection as requested by a county. This information is to be
				provided on the form prescribed by the Department. Failure to file this report
				may subject the taxpayer to a penalty of up to one thousand dollars as provided
				by W.S. W.S.
				39-14-208(d)(ii).
(H) W.S. W.S.
				W.S.
				39-14-202(a)(iii) requires
				the Department of Revenue to certify the annual oil and natural gas valuation
				to the counties on June 1, or as soon thereafter as the fair market value is
				determined. Taxpayers may be granted filing extensions to allow sufficient time
				for accurate tax return preparation. To accommodate the extended reporting
				deadlines, annual fair market value determinations and certifications will be
				deferred until July 1.