§ 26-58-205 - Credit on severance tax of gas producer. - Arkansas Statutes

26-58-205. Credit on severance tax of gas producer.

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 thereof by means of an approved underground salt water disposal system shall be allowed a credit on severance taxes due thereon in the same manner, to the same extent, and on the same conditions as the credit on severance taxes authorized in the case of oil production under this subchapter.