10-39-58. Temporary provisions for severance tax on precious metals--Rate according to value of gross yield.
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/sd/title-10/chapter-10-39/10-39-58A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the provisions of § 10-39-43 , for the privilege of severing precious metals in this state, for the time period beginning July 1, 1993, and ending June 30, 1994, there is imposed a severance tax of two percent of the first fifty million dollars of the gross yield from the sale of precious metals severed in this state, and a severance tax of one percent of the gross yield from the sale of precious metals in excess of fifty million dollars severed in this state.