Switch State Tax Withholding Rate

This utility allows the user to change the state tax withholding rate stored in the owner's Division of Interest record, and have the change apply to all interests with the same original rate chosen, and for wells in certain states, instead of changing the state tax withholding rate for each individual interest. This is helpful in the situation where the state increases the rate the rate that should be held, and it will apply to all interests where the state tax was previously defined. The user can use this utility to update the state tax withholding rate for all those records at one time, rather than individually updating them.

Current State Tax Withholding %
Select the existing rate specified that you would like to change.

New State Tax Withholding %
Enter the new rate.

Switch Records for Wells in
Select the state that should be updated. Interests for wells in the selected state are the only records that will be updated.