Schedule II (Form 61), Resources Severed from Other Than School Lands – Nebraska

Schedule II (Form 61), Resources Severed from Other Than School Lands, is the Nebraska Department of Revenue schedule on which oil and natural gas severed from land other than school lands are listed by lease, with their quantities, values, exemptions and the severance tax due.\n\nIt is a schedule of Form 61, the Nebraska Severance and Conservation Tax Return, and is filed with that return. The schedule has one row per lease, identified by the Nebraska Oil and Gas Conservation Commission (OGCC) lease number and the lease name and description. Six columns record the production: Columns A and B (barrels and value of stripper oil), Columns C and D (barrels and value of nonstripper oil) and Columns E and F (MCF and value of natural gas).\n\nLines 1 through 6 then total the columns, remove exempt resources, give the quantities and values subject to tax, and multiply the values on lines 4a through 4c by the severance tax rate printed on line 5. The totals carry to lines 1, 2, 3 and 6 of Form 61.\n\nThe form states that a separate schedule is completed for each Nebraska county. Its instructions also define stripper oil (oil from a property whose base production level is 10 or fewer barrels per day) and nonstripper oil (more than 10 barrels per day), and set how oil and gas quantities are measured.

Every person filing Form 61, the Nebraska Severance and Conservation Tax Return, must complete Schedule II for resources severed from land other than school lands. The instructions print this as the rule for who must file.\n\n- One schedule per county. Complete a separate Schedule II for each Nebraska county in which oil or natural gas is severed from land other than school lands.\n- Exempt interests still go on the schedule. Interests of the United States, the State of Nebraska or their political subdivisions in oil, gas or their proceeds, and interests of a Native American Indian or tribe in oil, gas or their proceeds from land subject to U.S. supervision, are entered on line 2 as exempt quantities and values.\n- Substitute allowed. A computer printout reporting substantially the same information may be submitted in place of Schedule II.\n\nThe schedule covers land other than school lands only. The form and its instructions name no one who may sign or file for another person.

Schedule II is filed every month, on or before the last day of the month following the month in which the resources were severed. It travels with Form 61 and the tax payment, so it has no separate due date.\n\nA return must be filed even if no tax is due. The top of the schedule asks for the tax month and year, so complete one schedule for each month and county being reported.\n\nTiming matters for classification as well: oil from wells that qualify as stripper oil goes in Columns A and B only if specific records for each well have been maintained. Gather those records before you start the month's schedule.

Schedule II is submitted by mail, in two places, according to the printed form and its instructions.\n\n- To the Department of Revenue: attach the schedule to Form 61 and mail it, with the tax payment, to Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818.\n- To the Oil and Gas Conservation Commission: mail a copy of Schedule II and Form 61 to Nebraska Oil and Gas Conservation Commission, PO Box 399, Sidney, NE 69162-0399.\n\nRetain a copy for your records, as the form directs. A computer printout reporting substantially the same information may be submitted instead of the printed schedule. The form names no online or in-person channel. If you need payment details, contact the Department of Revenue. FillingPDF lets you fill out and download the PDF; submission follows the mailing channels above.