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Many states require the first purchaser of oil and/or gas to remit severance taxes to the state. However, many buyers prefer not to take on
Many states require the first purchaser of oil and/or gas to remit severance taxes to the state. However, many buyers prefer not to take on the administrative burden of remitting those taxes and will offer the producer a price premium to take on this role.
Describe how producers "manage" this administrative role.
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