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Arkansas Code Title 26. Taxation § 26-58-201. Definitions

Current as of March 28, 2024 | Updated by Findlaw Staff

As used in this subchapter:

(1)(A) “Approved underground saltwater disposal system” means a system or systems of reinjection of salt water produced as a result of oil or natural gas production into an underground level or stratum, as approved by the Arkansas Pollution Control and Ecology Commission or the Oil and Gas Commission, in which the salt water disposed of and the method of disposing of the salt water does not pose a menace to a fresh water supply or to the lakes and streams of this state.

(B) “Approved underground saltwater disposal system” does not include any:

(i) Reinjection system which is designed primarily for the purpose of secondary recovery and pressure maintenance; or

(ii) Pool that has been unitized for secondary recovery or pressure maintenance by order of the Oil and Gas Commission;

(2) “Person” means any individual, firm, association, partnership, limited liability company, or corporation;

(3) “Producer” means the producer of oil or natural gas who is charged with the responsibility of reporting and paying the severance tax on the oil or natural gas as required by the laws of this state;

(4) “Secretary” means the Secretary of the Department of Finance and Administration or any of his or her duly appointed deputies or agents; and

(5) “Severance tax” means the severance tax on oil or natural gas produced in this state as levied by § 26-58-107.

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Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-58-201. Definitions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-58-201/

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