GroundRules
30 CFR 1206.59: What interest applies if I improperly report a transportation allowance?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER XII—OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER A—NATURAL RESOURCES REVENUE
- PART 1206—PRODUCT VALUATION
- Subpart B—Indian Oil
(a) If you deduct a transportation allowance on Form ONRR-2014 without complying with the requirements of §§ 1206.56 and 1206.57 or § 1206.58, you must pay additional royalties due plus late payment interest calculated under § 1218.54 of this chapter.
(b) If you erroneously report a transportation allowance that results in an underpayment of royalties, you must pay any additional royalties due plus late payment interest calculated under § 1218.54 of this chapter.
Collected 2026-08-27T02:25:24Z. Source file · JSON