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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-20-21

Computation of Privilege Tax

Official textalison.legislature.state.al.us

The privilege tax levied by this chapter as it applies to offshore production from depths greater than 8,000 feet below mean sea level shall not be computed as a percentage of gross value at the point of production, as provided in Article 1, but shall be computed as a percentage of gross proceeds. The amount of the tax shall be computed at the rate of three and sixty-five one hundredths percent (3.65%) of the gross proceeds attributable to the offshore production.

Last amended: Act 2009-147, p. 284, §4.

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In this chapter (25 sections)
  1. 40-20-1 · Definitions
  2. 40-20-2 · Levy and Amount of Tax Upon Business of Producing or Severing…
  3. 40-20-3 · Tax Levied Upon Producers in Proportion to Ownership at Time…
  4. 40-20-4 · Enforcement of Article; Collection of Taxes; Statements to Be…
  5. 40-20-5 · When Reports to Be Filed; Payments to Accompany Reports
  6. 40-20-7 · Deduction of Appropriation for Expenses of Department
  7. 40-20-8 · Allocation and Distribution of Net Taxes Collected; Property…
  8. 40-20-9 · Reports to Be Made on Blanks Furnished by Department;…
  9. 40-20-11 · Enjoining Violation of Article
  10. 40-20-12 · Exemption from Ad Valorem Taxes
  11. 40-20-13 · Collection and Disbursement of Additional Taxes
  12. 40-20-14 · Credits Against Tax for Manufacturers of Direct Reduced Iron
  13. 40-20-20 · Definitions
  14. 40-20-21 · Computation of Privilege Tax
  15. 40-20-22 · Applicability; Payment of and Liability for Taxes; Reporting
  16. 40-20-23 · Allocation and Distribution of Taxes
  17. 40-20-30 · Definitions
  18. 40-20-31 · Levied; Applicability
  19. 40-20-32 · Tax to Be a Lien; Amount of Tax
  20. 40-20-33 · When and by Whom Tax Payable; Effect of Nonpayment
  21. 40-20-34 · Tax Payable to Probate Judge; Entries on Instrument and…
  22. 40-20-35 · Tax to Be in Lieu of Ad Valorem Taxes; Exemption of…
  23. 40-20-36 · How Exemption Obtained Upon Existing Interests
  24. 40-20-37 · Fees of Probate Judge; Disposition of Remainder of Tax
  25. 40-20-50 · Collection of Severance Taxes; Deposit into Fund;…
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