15-30-2542. Amount of royalty payment withheld considered taxes collected.
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/mt/title-15/chapter-30/part-25/15-30-2542·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-30-2542 . Amount of royalty payment withheld considered taxes collected. The amounts deducted and withheld from royalty payments are considered taxes collected under the provisions of 15-30-2536 through 15-30-2547 . A royalty owner does not have a right of action against the remitter for any amount deducted and withheld from the royalty owner's royalty and paid to the state in compliance or intended compliance with 15-30-2536 through 15-30-2547 . The amounts deducted and withheld and paid to the state in compliance or intended compliance with 15-30-2536 through 15-30-2547 are not subject to the provisions of 82-10-103 .