Alabama Statutes
§ 40-20-21 — Computation of Privilege Tax
Alabama·Title 40 Revenue and Taxation·Ch. 20 Oil and Gas·Art. 1A Privilege Tax on Certain Offshore Production
The privilege tax levied by this chapter as it applies to offshore production from depths greater than 8,000 feet below mean sea level shall not be computed as a percentage of gross value at the point of production, as provided in Article 1, but shall be computed as a percentage of gross proceeds. The amount of the tax shall be computed at the rate of three and sixty-five one hundredths percent (3.65%) of the gross proceeds attributable to the offshore production.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 40-20-21 (Computation of Privilege Tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2009-147, p. 284, §4.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for Conversion