15-36-312. Record of product -- carriers to furnish data -- penalty. (1) Each person who purchases oil or natural gas shall keep a record of all oil or natural gas purchased by the person in this state. The records are subject to inspection by the department on reasonable notice at any time during normal business hours.
(2) Each railroad, pipeline, purchasing, and transportation company that carries or purchases oil or natural gas shall furnish to the department, whenever requested to do so, all data related to the shipment of oil or natural gas that may be required to properly enforce the provisions of this part. A railroad, pipeline, purchasing, or transportation company that fails to comply with the provisions of this section is subject to a penalty of $100 for each day that it fails to furnish the statement.
History: En. Sec. 9, Ch. 451, L. 1995.
Structure Montana Code Annotated
Chapter 36. Oil and Gas Production Tax
Part 3. Oil and Gas Production Tax Act
15-36-302. Legislative findings and declaration of purpose
15-36-304. Production tax rates imposed on oil and natural gas -- exemption
15-36-305. Determination of gross value of product
15-36-306. through 15-36-308 reserved
15-36-309. Certain royalties exempt
15-36-310. Operator responsible for payment -- deduction of taxes from royalty payments
15-36-311. Quarterly payment of tax -- statement -- failure to pay penalty
15-36-312. Record of product -- carriers to furnish data -- penalty
15-36-314. Deficiency assessment -- review -- penalty and interest
15-36-315. Credit or refund for overpayment -- refund from county -- interest on overpayment
15-36-316. through 15-36-318 reserved
15-36-319. Warrant for distraint
15-36-321. Statute of limitations
15-36-322. Rulemaking authority
15-36-326. Oil and natural gas accelerated tax fund
15-36-327. through 15-36-330 reserved
15-36-331. Distribution of taxes
15-36-332. Distribution of taxes to taxing units -- appropriation