2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-5202 Levy of tax
42-5202. Levy of tax
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.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.