10-39A ENERGY MINERALS SEVERANCE TAX
ENERGY MINERALS SEVERANCE TAX
Severance tax imposed on energy minerals--Rate.
Definition of terms.
Taxable value based on sale price or market value--Governmental royalty interests
Posted field price as taxable value.
Uranium ore taxed on triuranium octa-oxide content.
Collection and administration according to mineral severance tax procedures.
Point of imposition of severance tax.
Operator to be designated to file returns and pay tax--Tax withheld from owner--Designated operator.
Quarterly filing of reports and remission of tax due--Forms--Violation as
Severance tax in lieu of taxes other than sales, use, and property taxes.
Division of tax proceeds between county and state.
10-39A-8.1, 10-39A-8.2. Repealed.
Vouchers and warrants for payments to counties.
County trust and agency account--Purposes for which proceeds used by counties.
Prepayment of county share of tax.
Prepayment to be voluntary--Compulsion as malfeasance.
Prepayment limited to county portion of tax.
Computation of tax due--Credit for tax prepaid.
Action by secretary for collection of delinquent taxes--Exemption from execution.
Lien of tax--Filing and recording--Indexing.
Inspection of books and records--Authority of secretary--Violation as misdemeanor.
Inspection of books and records--Authority of county commissioner--Violation as
False statement under oath as perjury.