A natural gas producer charged with the responsibility of reporting and paying the severance tax on natural gas who provides for the disposal of salt water produced in the production of natural gas by means of an approved underground saltwater disposal system is allowed a severance tax credit on all natural gas produced by the saltwater-producing natural gas wells in the amount and in the method provided in this subchapter.Acts 1961, No. 138, § 1; A.S.A. 1947, § 84-2121; Acts 2011, No. 791, § 5. A natural gas producer charged with the responsibility of reporting and paying the severance tax on natural gas who provides for the disposal of salt water produced in the production of natural gas by means of an approved underground saltwater disposal system is allowed a severance tax credit on all natural gas produced by the saltwater-producing natural gas wells in the amount and in the method provided in this subchapter.Acts 1961, No. 138, § 1; A.S.A. 1947, § 84-2121; Acts 2011, No. 791, § 5.
Arkansas Legal Code