26-58-125. Disposition of part of severance tax on salt water.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-58-125. Disposition of part of severance tax on salt water.

26-58-125. Disposition of part of severance tax on salt water. Of the fee levied per one thousand (1,000) barrels in § 26-58-111(9), forty-five cents (45¢) shall be deposited into the State Treasury as special revenues, and the Treasurer of State shall credit the amount thereof to the Oil and Gas Commission Fund.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-125

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-58-111. Rate of tax — Definition.

26-58-111. Rate of tax — Definition. The severance tax is to be predicated upon the quantity severed and at the following rates: (1) On barite, bauxite, titanium ore, manganese and manganiferous ores, zinc ore, and cinnabar, fifteen cents (15¢) per ton of two thousand pounds (2,000 lbs.); (2) On coal, lignite, and iron ore, two cents (2¢) per ton of two thousand pounds (2,000 lbs.); (3) On gypsum not used for manufacturing within Arkansas into ultimate consumer's goods, or sold for manufacturing within Arkansas into ultimate consumer's goods, and chemical grade limestone, silica sand, and dimension stone, one and one-half cents (1½¢) per ton of two thousand pounds (2,000 lbs.); (4) On crushed stone including, but not limited to, chert, granite, slate, novaculite, and limestone, and on construction sand, gravel, clay, chalk, shale, and marl, one cent (1¢) per ton of two thousand pounds (2,000 lbs.); (5) On natural gas, the following percent of the market value of the natural gas severed within the State of Arkansas: (A) On new discovery gas, as defined in § 26-58-101, the severance tax rate shall be one and one-half percent (1.5%) for the time period provided in § 26-58-127(a); (B) On high-cost gas, as defined in § 26-58-101, the severance tax rate shall be one and one-half percent (1.5%) for the time periods provided in § 26-58-127(b); (C) On marginal gas, as defined in § 26-58-101, the severance tax rate shall be one and one-quarter percent (1.25%); and (D) On all natural gas that is not defined as new discovery gas, high-cost gas, or marginal gas, the severance tax rate shall be five percent (5%); (6)(A) On oil, five percent (5%) of the market value at time and point of severance. (B) However, whenever the production of oil from a well which is

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-111

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 26-58-111. This identifies an authority to review, not proof of applicability.