143.020 Imposition of tax on severance or processing of coal.
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<![CDATA[143.020 Imposition of tax on severance or processing of coal. For the privilege of severing or processing coal, in addition to all other taxes imposed by <br>law, a tax is hereby levied on every taxpayer engaged in severing and/or processing coal <br>within this Commonwealth at the rate of four and one-half percent (4.5%) of the gross <br>value of all coal severed and/or processed during the reporting period; except that the <br>minimum tax for a reporting period shall be an amount determined by applying a rate of <br>fifty cents ($0.50) per ton to the total number of tons severed during the reporting period. <br>The minimum tax shall not apply to a taxpayer who only processes coal. Effective: July 1, 1978 <br>History: Amended 1978 Ky. Acts ch. 189, sec. 2, July 1, 1978. -- Amended 1976 Ky. Acts ch. 84, sec. 1, effective March 29, 1976. -- Created 1972 Ky. Acts ch. 62, Pt. II, <br>sec. 2. ]]>