OTC Form 300-C Gross Production and Petroleum Excise Tax Remittance Form - Oklahoma

What Is OTC Form 300-C?

This is a legal form that was released by the Oklahoma Tax Commission - a government authority operating within Oklahoma. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is OTC Form 300-C?
A: OTC Form 300-C is the Gross Production and Petroleum Excise Tax Remittance Form in Oklahoma.

Q: What is the purpose of OTC Form 300-C?
A: The purpose of OTC Form 300-C is to remit gross production and petroleum excise taxes in Oklahoma.

Q: Who needs to file OTC Form 300-C?
A: Anyone engaged in the production, exploration, or transportation of petroleum products in Oklahoma needs to file OTC Form 300-C.

Q: What are gross production and petroleum excise taxes?
A: Gross production tax is a tax levied on the value of oil and gas produced, while petroleum excise tax is a tax on the first sale or transfer of petroleum products.

Q: When is the deadline for filing OTC Form 300-C?
A: The deadline for filing OTC Form 300-C is typically the 20th day of the following month.

Q: Are there any penalties for late filing of OTC Form 300-C?
A: Yes, there may be penalties for late filing, including interest charges on the unpaid tax amount.

Q: Is OTC Form 300-C applicable only to Oklahoma residents?
A: No, OTC Form 300-C is applicable to anyone engaged in petroleum production, exploration, or transportation in Oklahoma, regardless of residency.

Q: What other tax forms are related to OTC Form 300-C?
A: Other related tax forms include OTC Form 300 for gross production tax and OTC Form 60 for petroleum excise tax.