Oil and Gas Production Assessment

Statutory Reference

225 ILCS 728/1 to 728/99

Definition

The assessment is levied on gross revenues of oil and gas produced from each well in Illinois. It is imposed on Illinois oil or gas producers and is paid by the first purchaser of the oil or gas. The first purchaser pays the assessment to the department.

The Illinois Petroleum Resources Board administers and enforces this assessment. For more information, contact the Illinois Oil and Gas Association at 1 618 242-2857.

Tax Rate

Use the “Tax Rate Finder” to determine the rate for gross revenues of oil and gas produced from each well in Illinois.

Form/Filing & Payment Requirements

Form IDR-283, Oil and Gas Production Assessment Return, is due on or before the 15th day of the month following the month for which the return is filed.