Arkansas § 26-58-302 Additional levy for benefit of Arkansas Museum of Natural Resources Fund

Arkansas Statutes

§ 26-58-302 — Additional levy for benefit of Arkansas Museum of Natural Resources Fund

Arkansas § 26-58-302

Title26

This text of Arkansas § 26-58-302 (Additional levy for benefit of Arkansas Museum of Natural Resources Fund) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 26-58-302 (2026).

Text

(a)(1) There is levied a tax of two cents (2¢) per barrel of oil produced in this state.

(2)The taxes shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secretary shall prescribe.

(b)(1) There is levied a tax of ten cents (10¢) per one thousand (1,000) barrels on all brine produced in this state for the purpose of bromine extraction.

(2)The tax shall be reported and paid monthly to the secretary by each producer of brine and oil in such manner and upon such forms as the secretary may prescribe.

(c)(1) Funds collected by the secretary under this section are classified as cash fund receipts, and the full amount of the funds shall be deposited into one (1) or more accounts i

Free access — add to your briefcase to read the full text and ask questions with AI

(a) (1) There is levied a tax of two cents (2¢) per barrel of oil produced in this state. (2) The taxes shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secretary shall prescribe. (b) (1) There is levied a tax of ten cents (10¢) per one thousand (1,000) barrels on all brine produced in this state for the purpose of bromine extraction. (2) The tax shall be reported and paid monthly to the secretary by each producer of brine and oil in such manner and upon such forms as the secretary may prescribe. (c) (1) Funds collected by the secretary under this section are classified as cash fund receipts, and the full amount of the funds shall be deposited into one (1) or more accounts in one (1) or more banks in this state, which account or accounts shall be designated the "Arkansas Museum of Natural Resources Fund". (2) All funds in such accounts shall be used exclusively for the maintenance, operation, and construction of the Arkansas Museum of Natural Resources. (d) The taxes levied by this section shall be in addition to any and all other fees and taxes levied on oil and brine produced in this state.

Legislative History

Amended by Act 2019, No. 910,§ 4273, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 4272, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 4271, eff. 7/1/2019. Acts 1981 (1st Ex. Sess.), No. 22, §§ 1-4; A.S.A. 1947, §§ 84-2102.7 -- 84-2102.10; Acts 2009, No. 655, § 104.