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Section 26-58-202 - Applicability — Arkansas Law | CourtGPT
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  4. Title 26 - Taxation (§§ 26-1-101 — 26-82-119)/
  5. Subtitle 5 - State Taxes/
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  7. Subchapter 2 - Tax Credits for Certain Oil and Gas Producers/
  8. Section 26-58-202 - Applicability
Arkansas Legal Code

Section 26-58-202 - Applicability

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(a) The benefits of the provisions of this subchapter shall not apply to the severance tax due or payable on oil or natural gas produced from nonsaltwater-producing wells in this state.(b) The benefits of the provisions of this subchapter shall not apply to any underground saltwater disposal system that may have been established prior to June 11, 1959, it being the intent of this subchapter that the provisions hereof shall apply only to approved underground saltwater disposal systems established from and after June 11, 1959.Acts 1959, No. 57, § 2; 1959, No. 138, § 1; A.S.A. 1947, § 84-2114; Acts 2011, No. 791, § 3.

(a) The benefits of the provisions of this subchapter shall not apply to the severance tax due or payable on oil or natural gas produced from nonsaltwater-producing wells in this state.(b) The benefits of the provisions of this subchapter shall not apply to any underground saltwater disposal system that may have been established prior to June 11, 1959, it being the intent of this subchapter that the provisions hereof shall apply only to approved underground saltwater disposal systems established from and after June 11, 1959.Acts 1959, No. 57, § 2; 1959, No. 138, § 1; A.S.A. 1947, § 84-2114; Acts 2011, No. 791, § 3.