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2010 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 58 - Severance Taxes
Subchapter 1 - General Provisions
§ 26-58-126 - Severance tax rate for lead ore.

26-58-126. Severance tax rate for lead ore.

(a) The rate of the severance tax on lead ore shall be fifteen cents (15cent(s)) per ton of two thousand pounds (2,000 lbs.) or at ten percent (10%) of market value, whichever rate is the greater.

(b) The severance tax rate for lead ore under this section shall be in lieu of any rate which would otherwise be applicable under 26-58-111.

(c) The severance tax on lead ore shall be distributed in the same manner as the severance tax on other ores, as provided by 26-58-124.

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