Kentucky Statutes 143.023 – Limitation of tax on coal severance for coal used in burning solid waste
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Notwithstanding the severance tax on coal, provided in this chapter, the tax on coal used for burning solid waste shall be limited to fifty cents ($0.50) per ton or four percent (4%) of the selling price per ton whichever is less.
Effective: February 26, 1991
History: Renumbered from KRS § 224.8907(1), July 10, 1991. — Created 1991 (1st Extra. Sess.) Ky. Acts ch. 12, sec. 49, effective February 26, 1991 and compiled as part of KRS § 224.8907.
Formerly codified as part of KRS § 224.8907.
Effective: February 26, 1991
Terms Used In Kentucky Statutes 143.023
- Coal: means and includes any material composed predominantly of hydrocarbons in a solid state. See Kentucky Statutes 143.010
- severance: means the physical removal of coal from the earth. See Kentucky Statutes 143.010
- Ton: means a short ton of 2,000 pounds. See Kentucky Statutes 143.010
History: Renumbered from KRS § 224.8907(1), July 10, 1991. — Created 1991 (1st Extra. Sess.) Ky. Acts ch. 12, sec. 49, effective February 26, 1991 and compiled as part of KRS § 224.8907.
Formerly codified as part of KRS § 224.8907.