Search Results for keywords:"royalty reporting"

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Search Results: keywords:"royalty reporting"

  • Type:Rule
    Citation:90 FR 10856
    Reading Time:about a minute or two

    The U.S. Copyright Office has issued a clarification regarding the compliance date for certain reporting obligations related to royalty reporting practices of cable operators. Initially, the compliance was supposed to start with the filing deadline of March 1, 2025, but it has been pushed to August 29, 2025. This decision is due to the fact that the new Statement of Account (SOA) form and instructions are not ready yet. This change impacts reports covering the period from January 1 to June 30, 2025.

    Simple Explanation

    The U.S. Copyright Office is telling cable companies that they have extra time to get ready for new rules about reporting payments for using TV shows and movies because the forms they need aren't ready yet. They now have until the end of August 2025 to start following these rules.

  • Type:Notice
    Citation:89 FR 99275
    Reading Time:about 3 minutes

    The Office of Natural Resources Revenue (ONRR) has issued a notice detailing the options available for accounting and auditing relief for Federal oil and gas production from marginal properties. These options include the opportunity to submit one annual royalty report or request other specific forms of relief. Each state decides whether to participate in these relief options, and this notice lists the states' decisions for the calendar year 2025. The relief options aim to simplify requirements for marginal properties that meet certain production thresholds.

    Simple Explanation

    The notice explains that states can choose whether or not to make it easier for small oil and gas sites on federal land to report and pay what they owe for using the land. Each state decides if they want to help, but the document doesn't say which states said "yes" or "no," making things a bit confusing.