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Crude Oil and Natural Gas Credit Processing Announcement


The Texas Comptroller of Public Accounts has launched a program to ensure crude oil and natural gas taxpayers have access to qualified credits as quickly as possible. Under this program, credits generated after Jan. 1, 2014, will be refunded upon verification.

For qualified credits existing prior Jan. 1, 2014, taxpayers will have the option to:

  1. receive a refund for existing credits along with credit interest (if applicable); or
  2. have the credits remain on file for the purpose of satisfying liabilities after the liabilities are reported. If a taxpayer chooses to retain a credit, it will be transferred to a subsequent report period. In the subsequent report period, the postmark date of the original credit will remain intact.

Provisions for credits in out-of-statute report periods will not change.

The following still applies.

  • Credits become out-of-statute and unavailable to a taxpayer if they are not sought through a written request. Written refund requests, credit transfers and amendments postmarked within four years of a report period’s due date tolls the four-year statute of limitations until the Comptroller’s office completes a review of the request and issues a decision.
  • Taxpayers have 20 days from the date a credit is disallowed to challenge the Comptroller’s decision by filing a hearing request.

The Comptroller’s office will transfer existing credits to satisfy outstanding liabilities before issuing a refund.

Due Dates

  • Monthly natural gas tax reports and payments are due the 20th day of the second month following the production.
  • Annual natural gas tax reports and payments are due February 20th of the preceding year.
  • Crude oil tax reports and payments are due the 25th day of the month following the production month.

If you have questions regarding this process, contact Crude Oil and Natural Gas Tax Section at 800-531-5441, ext. 3-4455 or 512-463-4455.

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