ad valorem tax

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ad valorem tax

[¦ad və¦lȯr·əm ′taks]
(petroleum engineering)
Property tax for oil-producing properties, assessed at a flat rate for each net barrel of oil produced.
References in periodicals archive ?
Importantly, the court noted that ad valorem taxes can be assessed on government-owned land.
(4) One possible explanation for the coexistence of unit and ad valorem taxes, despite the welfare dominance of ad valorem taxation, is that a government only cares about the amount of revenue collected from each market, and the choice between these two taxes in a specific market is dictated by producers' interests, which are more concentrated than consumers' interests in general.
833 would help cities and towns to recoup lost revenues due to bankruptcy filings by elevating the priority for payment of ad valorem taxes when a debtor files for bankruptcy.
where [Mathematical Expression Omitted] and [Mathematical Expression Omitted] are the marginal revenue products of labor under the per unit and ad valorem taxes respectively.
Sees: $540 to $590 million budgeted for drilling and completion costs, including $5 to $10 million budgeted for 3D seismic and other data initiatives; $20 to $25 million for water infrastructure costs, excluding any potential additions to surface acreage; Total net production of 28,000 to 31,000 Boe/d, representing an increase of 74% compared to 2017 average production; Net oil production will represent 77% to 81% of total net production LOE of $3.25 to $4.00 per Boe; Production and ad valorem taxes at 6.5% to 7.5% of unhedged production revenue; Cash general and administrative expense of $44 to $46 million.
Meanwhile, the ways and means committee is looking at amending the bill to require excise taxes on soft drinks instead of ad valorem taxes, the chairman Marikina Rep.
According to Atlas Resource Partners LP, the acquired assets will include 70 Bcfe of proved reserves in West Virginia and Virginia; 100% natural gas and proved developed; current net production of 22m cubic feet equivalents per day (Mmcfe/d) from over 400 active wells; current expected decline rate of 10-12%; current production costs and lease operating costs of USD1.20/mcf; production and ad valorem taxes of 10% as well as transportation and gathering of USD0.40/mcf.
The GO bonds are secured by the district's authority to annually levy unlimited ad valorem taxes to repay debt service.
1933), in which the court recognized that bonds or similar debt obligations, which are not payable from ad valorem taxes, do not constitute a debt of the local government obligating the local government to levy or collect ad valorem taxes.
The tax increment financing concept may be summarized as follows: (1) the TIF district undertakes the project; (2) the project increases the assessed value of the taxable real property within the TIF district; (3) the increase in the taxable real property value results in an increase in the amount of ad valorem taxes collected within the TIF district; and (4) a portion of this increase in ad valorem taxes, or "tax increment," is pledged to finance the project.
The provisions in both bills would help cities and towns to recoup lost revenues due to bankruptcy filings by requiring a bankruptcy debtor to pay ad valorem taxes. Most titles and towns collect ad valorem taxes or property taxes for funding of the educational budgets, and losses have occurred when bankruptcy filers were relieved from paying unpaid property taxes.
We know of no actual tax system in which both specific and ad valorem taxes are simultaneously applied to the same good; the more common approach is to impose either a specific or an ad valorem tax.