Switch State Tax Withholding Rate

This utility will allow you to change the state tax withholding percentage for all owners affected instead of having to change each owner's state tax percentage individually within the Division of Interest . This utility can be helpful if needing to change the rate of tax withheld for a certain state. This utility only applies to the state tax percentage withheld on Division of Interest window. This utility does not apply to any other type of well tax.

Current Tax Withholding %
This pulldown menu will display each state tax percentage that has been entered for any owner. Select the percentage that you want to replace with the new percentage.

New Tax Withholding %
Enter the new tax withholding percentage that should replace the current tax withholding percentage. This should be entered as a whole percentage. For example: 6.5% should be entered as 6.50.

Switch Records for Wells in
Select the state this new tax percentage applies to. Any well within that state (based on the Well Information record) will have the state tax percentage replaced with the new tax percentage if the owner's interest was already subject to state tax withholding. Any owner that previously was not having state tax withheld within that state chosen will be unaffected.