Current through the 2024 Regular Session
Section 47-335 - PRODUCERS - MONTHLY STATEMENTS - IDAHO STATE TAX COMMISSION(1) Every producer engaged in the production of oil or gas from any well or wells in the state shall each month file with the Idaho state tax commission, on forms prescribed by the Idaho state tax commission, a statement containing the information required by subsection (2) of this section relating to the oil or gas produced, saved and sold or transported from the premises in Idaho where produced.(2) The statement required in subsection (1) of this section shall include: (a) The name, description and location of: (i) Every well or wells; and(ii) Every field in which the well or wells are located; and(b) Any other reasonable and necessary information required by the Idaho state tax commission.(3) The statements required to be filed with the Idaho state tax commission shall be signed and sworn to by the producer or a designee.(4) The Idaho state tax commission is authorized to conduct audits, relating to producer compliance with the provisions of this section, at least every three (3) years.[(47-335) 47-331, added 2017, ch. 116, sec. 1, p. 267; am. and redesig. 2018, ch. 169, sec. 15, p. 365.]Renumbered from 47-331 by 2018 Session Laws, ch. 169,sec. 15, eff. 7/1/2018.Added by 2017 Session Laws, ch. 116,sec. 1, eff. 7/1/2017.