2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-5202 Levy of tax

AZ Rev Stat § 42-5202 (through 1st Reg Sess 51st Leg. 2013) What's This?

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.

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