385, Gas Storage Field Report - State of Michigan - michigan 2026

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  1. Click ‘Get Form’ to open the 385, Gas Storage Field Report in the editor.
  2. Begin by filling out the IDENTIFICATION section. Enter your Taxpayer Identification Number, Month, Year, Company Name, Address, City, State, and ZIP Code. Ensure all details are accurate for proper processing.
  3. Proceed to the storage balance calculations. Input the Balance in storage at the beginning of the month from your previous report on line 1. Then enter any Extraneous gas injected during the month on line 2.
  4. Calculate the Total by adding lines 1 and 2 on line 3. Next, record all gas withdrawn during the month on line 4.
  5. For line 5, determine your Balance in storage at the end of the month by subtracting line 3 from line 4. If this amount is positive, you can skip completing further sections.
  6. Complete lines 6 and 7 regarding Native gas withdrawn and its value respectively. This information is crucial for tax reporting.
  7. Finally, ensure you sign both Taxpayer and Preparer Certification sections before submitting your report to avoid penalties.

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877-765-8388 or on line complaint. This is for any gas gouging in Michigan.
If you are responsible for paying your heating bills, State law requires Treasury to issue your credit in the form of a State of Michigan Energy Draft. You can only use the draft to pay heat bills. Give the draft to your enrolled heat provider who will apply it to current or future heating bills for your home.
Individuals can apply for the Home Heating Credit electronically through the e-File system. Forms and instructional materials are available on the internet at Michigan.gov/IncomeTax or by calling 517-636-4486.

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According to the MPSCs Natural Gas Storage Field Summary, most of Michigans storage fields are located in the Niagaran formation. Other formations include Michigan Stray, A-1 Carbonate, and Reed City. Two of the storage fields are salt caverns.
The draft must be sent to the energy provider, who will apply the draft amount to the outstanding balance. The credit may be sent directly to your heat provider if DTE Energy, Consumers Energy or SEMCO Energy Gas provides your heat.
Oil and Gas severance tax rates are as follows: Oil - General 6.6 percent of gross cash market value. Oil - Marginal properties or stripper wells 4 percent of gross cash market value. Gas 5 percent of gross cash market value.
Michigan Department of Treasury The Home Heating Tax Credit (HHTC) is a state benefit available to eligible low-income households to help offset the cost of home heating. The credit is issued as a refund or energy draft. The maximum credit for a single person is $500.
You may check the status of your home heating credit using self-service. There are two options to access your account information: Account Services or Guest Services. If you use Account Services, select My Return Status once you have logged in.

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