Arkansas Code Title 26, Subtitle 5, Chapter 58, Subchapter 2 - Tax Credits for Certain Oil and Gas Producers

• § 26-58-201 - Definitions.
  As used in this subchapter: (1) (A) "Approved underground saltwater disposal system" means a system or systems of reinjection of salt water produced as...
• § 26-58-202 - Applicability.
  (a) The benefits of the provisions of this subchapter shall not apply to the severance tax due or payable on oil or natural gas...
• § 26-58-203 - Penalty.
  Any person violating the provisions of this subchapter shall be guilty of a misdemeanor. A convicted offender shall be punished by a fine of...
• § 26-58-204 - Severance Tax Credit for Oil Producer.
  An oil producer in this state who provides for the disposition of salt water produced in the production of oil from oil wells of...
• § 26-58-205 - Severance Tax Credit for Natural 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...
• § 26-58-206 - Permit for Credit.
  (a) A producer in this state wishing to obtain the benefits of the provisions for this subchapter shall make application to the Director of...
• § 26-58-207 - [Repealed.]
• § 26-58-208 - Amounts of Credits or Tax -- Maximum Annual Credits Allowed.
  (a) A producer is entitled to an annual severance tax credit that is calculated based upon the cost, as defined in § 26-58-209, of...
• § 26-58-209 - Cost of Maintaining Saltwater Disposal System.
  The cost of a producer in maintaining an approved underground saltwater disposal system for the purposes of this subchapter shall include the following: (1)...
• § 26-58-210 - Records.
  A producer obtaining the benefits of the provisions of this subchapter shall maintain for a period of not less than three (3) years such...
• § 26-58-211 - [Repealed.]

Last modified: November 15, 2016