42-5202. Levy of tax
83 words·~1 min read·
/az/title-42/42-5202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. There is levied on any severer, and the department shall collect, an excise tax, denominated as a severance tax.
B. Except as provided in section 42-5203, the severance tax is in lieu of any other tax imposed upon the activities of mining and processing by article 1 of this chapter.
C. The amount of the severance tax levied on a severer engaging in the business of mining shall be determined by multiplying the net severance base by two and one-half per cent.