Arkansas Statutes
§ 26-58-126 — Severance tax rate for lead ore
Arkansas·Title 26
(a)The rate of the severance tax on lead ore shall be fifteen cents (15¢) per ton of two thousand pounds (2,000 lbs.) or at ten percent (10%) of market value, whichever rate is the greater.
(b)The severance tax rate for lead ore under this section shall be in lieu of any rate which would otherwise be applicable under § 26-58-111 .
(c)The severance tax on lead ore shall be distributed in the same manner as the severance tax on other ores, as provided by § 26-58-124 .
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Legislative History
Acts 1993, No. 25, § 2.
Nearby Sections
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