KRS 137.120 — Tax on production of crude petroleum

(1) Every producer of crude petroleum oil shall pay a tax for state purposes equal to
four and one -half percent (4.5%) of the market value of all crude petroleum
produced by him in this state.
(2) A producer of crude petroleum oil shall include any person owni ng an interest in
crude petroleum oil produced in this state.
(3) The tax provided by this section shall be imposed and attached when the crude
petroleum is first transported from the tanks or other receptacle located at the place
of production, and shall be imposed ratably upon all persons owning any interest in
such oil.