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§ 6-8-1-5 — Indiana Law | CourtGPT
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  6. Chapter 1 - Petroleum Severance Tax6-8-1-1. "Person" Defined/
  7. § 6-8-1-5
Indiana Legal Code

§ 6-8-1-5

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(b) As used in this chapter, 'natural gas' means petroleum that maintains a gaseous state at atmospheric conditions.(c) As used in this chapter, 'oil' means petroleum that maintains a liquid state at atmospheric conditions.(d) As used in this chapter, 'barrel of oil' means forty-two (42) U.S. gallons of oil at sixty degrees Fahrenheit (60° F).Formerly: Acts 1947, c.278, s.5. As amended by P.L.109-1988, SEC.9.