Nebraska Statutes
§ 57-703 — Tax; levy on resources severed; rate
Nebraska·Ch. 57 Minerals, Oil, and Gas
The taxes levied by section 57-702 shall be levied upon the value of the resources severed, and shall be paid at the rate of three percent of the value of nonstripper oil and natural gas, except that oil produced from properties producing stripper oil shall be subject to a two percent severance tax. The value of oil and natural gas shall be computed immediately after such severance at the place where the same were severed.
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Legislative History
Source: Laws 1955, c. 219, § 3, p. 611; Laws 1981, LB 257, § 1; Laws 1983, LB 228, § 3.
Nearby Sections
15
§ 57-1001
Service of process§ 57-1002
Repealed. Laws 1983, LB 447, § 104§ 57-102
Repealed. Laws 1949, c. 175, § 4§ 57-102.01
Repealed. Laws 1951, c. 190, § 1§ 57-102.02
Repealed. Laws 1951, c. 190, § 1§ 57-102.03
Repealed. Laws 1951, c. 190, § 1§ 57-103
Repealed. Laws 1951, c. 190, § 1§ 57-104
Prospectors; specimens preserved§ 57-105
Former discoveries; no aid given