Tax on owners of royalty or working interests--Withholding and remittance--Exemptions

The owner of a royalty interest, of an overriding royalty or of profits or working interest shall pay a tax equal to eight percent of the value received for the right to sever precious metals. The person severing precious metals shall withhold the tax from the distributions made to the owner of interest. The person severing precious metals shall remit the tax with his quarterly remittance following the distribution. The provisions of this section do not apply to royalty interests owned by the federal government, state government, or a local government.

Last amended: Source: SL 1984, ch 78 , § 10.

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In this chapter (40 sections)

10-39-1 · 10-39-1 to 10-39-22. Repealed by SL 1970, ch 73
10-39-23 · 10-39-23 to 10-39-41. Repealed by SL 1981, ch 95, § 15
10-39-42 · Definitions
10-39-43 · Severance tax on gold
10-39-44 · Gross yield and gross production defined
10-39-45 · Finished value subject to tax--Allocation between processors
10-39-46 · 10-39-46. Superseded
10-39-47 · 10-39-47. Repealed by SL 2017, ch 66, § 4
10-39-48 · Failure to file statements as misdemeanor--Determination of…
10-39-49 · Promulgation of rules
10-39-50 · Access to taxpayer's records--Violation as misdemeanor
10-39-51 · Payment under protest--Action for…
10-39-52 · False statement as felony--Forfeiture
10-39-53 · Exemption of persons severing small amounts
10-39-54 · Distribution of proceeds
10-39-55 · 10-39-55. Repealed by SL 1984, ch 78, § 9
10-39-56 · Tax on owners of royalty or working interests--Withholding…
10-39-58 · Temporary provisions for severance tax on precious…
10-39-59 · Due dates of quarterly payments
10-39-60 · Temporary tax not additional tax
10-39-61 · 10-39-61 to 10-39-66. Repealed by SL 1997, ch 66, §§ 11 to 16
10-39-67 · Filing verified estimates--Payment due
10-39-68 · Additional tax on precious metals--Rate
10-39A-1 · Severance tax imposed on energy minerals--Rate
10-39A-2 · Taxable value based on sale price or market…
10-39A-4 · Operator to be designated to file returns and pay tax--Tax…
10-39A-5 · Quarterly filing of reports and remission of tax…
10-39A-6 · 10-39A-6. Superseded
10-39A-7 · Severance tax in lieu of taxes other than sales, use, and…
10-39A-8 · Proceeds distributed
10-39A-9 · Funds paid to counties
10-39A-10 · County trust and agency account--Purposes for which…
10-39A-15 · 10-39A-15. Superseded
10-39A-16 · Action by secretary for collection of delinquent…
10-39A-17 · 10-39A-17. Repealed by SL 2017, ch 66, § 5
10-39A-18 · Inspection of books and records--Authority of…
10-39A-19 · Inspection of books and records--Authority of county…
10-39A-20 · False statement under oath as perjury
10-39A-21 · 10-39A-21. Repealed by SL 1992, ch 158, § 4
10-39B-1 · Legislative findings

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