Statutes > Kentucky Statutes > CHAPTER 143A NATURAL RESOURCES SEVERANCE AND PROCESSING TAXES > 143A.020 Levy of natural resources severance and processing tax -- Application of tax.

143A.020 Levy of natural resources severance and processing tax -- Application of tax.

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143A.020 Levy of natural resources severance and processing tax -- Application of tax. (1) For the privilege of severing or processing natural resources in this state, a tax is hereby levied at the rate of four and one-half percent (4.5%) on natural gas and four <br>and one-half percent (4.5%) on all other natural resources, such rates to apply to the <br>gross value of the natural resource severed or processed except that no tax shall be <br>imposed on the processing of ball clay. (2) The tax shall apply to all taxpayers severing and/or processing natural resources in this state, and shall be in addition to all other taxes imposed by law. Effective: June 1, 1980 <br>History: Created 1980 Ky. Acts ch. 392, sec. 2, effective June 1, 1980.