Texas Severance Tax Compliance

Severance taxes are incurred when non-renewable natural resources are separated (or severed) from a taxing jurisdiction, and these taxes can affect several industries - such as the oil and gas, coal, mining, and timber industries. Our goal at SeveranceTax.com is to provide cost-effective tools to assist taxpayers in their compliance efforts specific to severance taxes, and we are presently focusing on taxation relevant to oil and gas producers by offering the following free and subscription-based content.

Subscription Content: Our subscription content is updated approximately every two weeks, and subscribers have access to the compliance monitoring and assistance tools listed immediately below (click on the thumbnails below to see descriptions of the features):

Texas Natural Gas Subscription Package - Designed to assist taxpayers in ensuring that the minimum amount of tax is paid on incentive wells and further assist taxpayers in clearing historical reporting errors. This subscription package includes the following features:

A live demonstration of these tools is available using example tax data for a hypothetical taxpayer so that our visitors can test the functionality and see the value offered - simply click the Login link near the top of the page and enter "demo" as the username and "demo" as the password. Pricing information for our subscription packages can be found by clicking on the "Purchase" tab above.

Free Content: We understand that staying informed of severance tax compliance requirements can present revenue accountants, tax managers, and responsible staff with time-consuming challenges, often involving broad and ongoing research efforts. We are working to simplify the research process by providing the following content free of charge:

Severance Tax Overviews - We offer a centralized source of links and summary information relevant to oil and gas producers' severance tax compliance requirements, prioritizing the top producing states. Our overviews are intended to help taxpayers pinpoint important details in four key areas:

Governing Tax and Regulatory Authorities

Relevant Statutes, Codes, & Rules

Severance Tax Rates and Incentives

Forms and Filing

What's New - We actively monitor the jurisdictions and resources we cover for any changes in statutes, rates, rules, or procedures which may impact your compliance efforts, and we post a description of these changes in our "What's New" listing, which can be found as the front page of our Severance Tax Overviews section.

We are continuously adding content, whether it is additional information on new jurisdictions or by reporting user-generated news content. Our number one goal is to help you stay on top of your severance tax compliance requirements in the most cost-effective manner, so please contact us for more details on how we can help you minimize your company’s overall cost of compliance!