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2 days ago · Severance taxes compensate the state, us, for permanent removal of mineral wealth, and also support local infrastructure during production, and help with the cleanup if the extractors eventually abandon their projects— so far, 200-plus uncapped oil and gas wells, 157 reclaimed coal mines in western Arkansas, and hundreds of miles of ...
2 days ago · And now lithium extraction from brine in southern Arkansas—a potential bonanza if done right. But is the severance tax adequate? Hardly; the $2.40 per 1,000 barrels of brine (42,000 gallons) has not changed since at least 1982. In 2022, this tax generated $651,834, of which $118,515 went to the several producing counties.
2 days ago · Some states impose a severance tax on the extraction of minerals, while others may tax the income from mineral rights at the regular state income tax rate. The specific details of these laws can greatly affect the tax liability of mineral rights owners, making it essential for them to understand the laws in their specific states.
5 days ago · Tax Credits › Severance Tax ... Employee Retention Tax Credit: Post COVID Updates for Healthcare Practices . Analyzing the Impact of the IRA on Energy Storage — Battery + Storage Podcast .
5 days ago · Definitions. §11-13A-3. Imposition of tax on privilege of severing coal, limestone or sandstone, or furnishing certain health care services, effective dates therefor; reduction of severance rate for coal mined by underground methods based on seam thickness. §11-13A-3a.
3 days ago · nonferrous metallic minerals extraction severance tax act (excerpt) act 410 of 2012 211.782 definitions. sec. 2.
1 day ago · Revenue grows 32% year-over-year to $553.2 million Calculated billings grows 30% year-over-year to $628.0 million Deferred revenue grows 34%year-over-year to $1,577.0 million GAAP net income of ...
