15-30-2538. Withholding required on mineral royalty payments.
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/mt/title-15/chapter-30/part-25/15-30-2538·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-30-2538 . Withholding required on mineral royalty payments. Except as provided in 15-30-2539 , each remitter shall withhold from each royalty payment made to a royalty owner an amount equal to the highest marginal tax rate in effect under 15-30-2103 of the net amount payable to the royalty owner.