Code of Alabama — Title 40 (Revenue and Taxation)
Ala. Code § 40-20-32
Tax to Be a Lien; Amount of Tax
Such tax shall be a lien upon the interest leased, assigned, conveyed, reserved, excepted or transferred, and the amount to be paid shall be determined as follows; provided, that the minimum tax shall be $1:
# (1)
Upon the filing and recording of each instrument creating, assigning or transferring a leasehold, or interest therein or any portion thereof, or conveying, transferring, excepting or reserving a mineral or royalty interest as above described, the primary term of which shall expire 10 years or less from the date of execution of the instrument, the tax shall be a sum equal to $.05 per mineral or royalty acre conveyed, leased, assigned, excepted, reserved or transferred therein.
# (2)
Such tax shall be $.10 per mineral or royalty acre if the primary term of such interest shall expire more than 10 years and not exceeding 20 years from the date of the execution of such instrument.
# (3)
Such tax shall be $.15 per mineral or royalty acre if the primary term of such interest may or shall extend more than 20 years from the date of the execution of such instrument.
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In this chapter (25 sections)
- 40-20-1 · Definitions
- 40-20-2 · Levy and Amount of Tax Upon Business of Producing or Severing…
- 40-20-3 · Tax Levied Upon Producers in Proportion to Ownership at Time…
- 40-20-4 · Enforcement of Article; Collection of Taxes; Statements to Be…
- 40-20-5 · When Reports to Be Filed; Payments to Accompany Reports
- 40-20-7 · Deduction of Appropriation for Expenses of Department
- 40-20-8 · Allocation and Distribution of Net Taxes Collected; Property…
- 40-20-9 · Reports to Be Made on Blanks Furnished by Department;…
- 40-20-11 · Enjoining Violation of Article
- 40-20-12 · Exemption from Ad Valorem Taxes
- 40-20-13 · Collection and Disbursement of Additional Taxes
- 40-20-14 · Credits Against Tax for Manufacturers of Direct Reduced Iron
- 40-20-20 · Definitions
- 40-20-21 · Computation of Privilege Tax
- 40-20-22 · Applicability; Payment of and Liability for Taxes; Reporting
- 40-20-23 · Allocation and Distribution of Taxes
- 40-20-30 · Definitions
- 40-20-31 · Levied; Applicability
- 40-20-32 · Tax to Be a Lien; Amount of Tax
- 40-20-33 · When and by Whom Tax Payable; Effect of Nonpayment
- 40-20-34 · Tax Payable to Probate Judge; Entries on Instrument and…
- 40-20-35 · Tax to Be in Lieu of Ad Valorem Taxes; Exemption of…
- 40-20-36 · How Exemption Obtained Upon Existing Interests
- 40-20-37 · Fees of Probate Judge; Disposition of Remainder of Tax
- 40-20-50 · Collection of Severance Taxes; Deposit into Fund;…