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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 8. MISCELLANEOUS
CHAPTER 1. Petroleum Severance Tax
6-8-1-4. "Value" defined
Universal Citation: IN Code § 6-8-1-4 (2018)
IC 6-8-1-4 "Value" defined
Sec. 4. As used in this chapter, "value" means the price paid or offered to be paid for petroleum of a like grade or gravity in the field or pool in which such well is located, and, if no such price be paid or offered, then as determined pursuant to the rules of the department.
Formerly: Acts 1947, c.278, s.4. As amended by P.L.109-1988, SEC.8.
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