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History of Natural Gas and Crude Oil Tax Rates
Natural Gas Production Tax Rates
| Effective Dates | Tax Percentage Rate |
|---|---|
| 08-01-1931 through 10-31-1936 | 2% of value, less 2% loss allowance |
| 11-01-1936 through 04-30-1941 | 3% of value, less 2% loss allowance |
| 05-01-1941 through 05-31-1945 | 5.2% of value |
| 06-01-1945 through 02-28-1950 | 5.2% of value (new law) |
| 03-01-1950 through 08-31-1951 | 5.72% of value (temporary 10% increase) |
| 09-01-1951 through 08-31-1954 | 5.72% of value (permanent) |
| 09-01-1954 through 08-31-1955 | 9% of value |
| 09-01-1955 through 08-31-1956 | 8% of value |
| 09-01-1956 through 09-30-1969 | 7% of value |
| 10-01-1969 to date | 7.5% of value |
| Effective Dates | Tax Percentage Rate |
|---|---|
| 08-01-1931 through 08-31-1933 | 2% of value |
| 09-01-1933 through 10-31-1936 | $0.02 per barrel when value is $1.00 per barrel or less; 2.75% of value when more than $1.00 |
| 11-01-1936 through 04-30-1941 | $0.0275 per barrel when value is $1.00 per barrel or less; 2.75% of value when more than $1.00 |
| 05-01-1941 through 02-28-1950 | $0.04125 per barrel when value is $1.00 per barrel or less; 4.125% of value when more than $1.00 |
| 03-01-1950 through 08-31-1951 | 4.5375% of value |
| 09-01-1951 through 08-26-1953 | Rate reverts to 4.125% |
| 08-27-1953 to date | 4.6% of value |
Crude Oil Production Tax Rates
| Effective Dates | Tax Percentage Rate |
|---|---|
| 04-17-1905 through 08-15-1907 | 1% of value |
| 08-16-1907 through 03-16-1919 | 0.5% of value |
| 03-17-1919 through 07-01-1923 | 1.5% of value |
| 07-02-1923 through 08-31-1933 | 2% of value |
| 09-01-1933 through 10-31-1936 | $0.02 per barrel when value is $1.00 per barrel or less; 2% of value when more than $1.00 per barrel |
| 11-01-1936 through 04-30-1941 | $0.0275 per barrel when value is $1.00 per barrel or less; 2.75% of value when more than $1.00 |
| 05-01-1941 through 02-28-1950 | $0.04125 per barrel when value is $1.00 per barrel or less; 4.125% of value when more than $1.00 |
| 03-01-1950 through 08-31-1951 | 4.5375% of value |
| 09-01-1951 to date | 4.6% of value |