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Current as of March 28, 2024 | Updated by Findlaw Staff
An oil producer in this state who provides for the disposition of salt water produced in the production of oil from oil wells of the oil producer in this state by means of an approved underground saltwater disposal system shall be allowed a severance tax credit on all oil produced by the saltwater-producing oil wells in the amount and in the method provided in this subchapter.
Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-58-204. Severance tax credit for oil producer - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-58-204/
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