10-39A-1. Severance tax imposed on energy minerals–Rate.
For the privilege of severing energy minerals in this state, there is imposed on the owner or operator of any energy mineral an excise tax, to be termed a “severance tax,” equal to four and one-half percent of the taxable value of any energy minerals severed and saved by or for the owner or operator.
Source: SL 1977, ch 93, §1; SL 1978, ch 81, §1; SL 1979, ch 78, §1; SL 2008, ch 37, §94.