Levy of tax

Ark. Code Ann. § 26-58-107 — under Severance Taxes.

Ark. Code Ann. § 26-58-107

(a) There is levied and there shall be collected from each producer of natural resources and each producer of timber in the State of Arkansas, a privilege or license tax to be known as “severance tax”.

(b) The severance tax is to be paid to the Secretary of the Department of Finance and Administration.