Title 59 Revenue and Taxation Chapter 5 Severance Tax on Oil, Gas, and Mining Section 120 Exemption.
59-5-120.Exemption.
Beginning on January 1, 2006 and ending on June 30, 2016, no severance tax required by
this chapter is imposed on oil and gas produced, saved, sold, or transported if the oil or gas
produced, saved, sold, or transported is derived from:
(1) coal-to-liquids technology;
(2) oil shale; or
(3) tar sands.
Enacted by Chapter 346, 2006 General Session
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