Severance tax imposed on energy minerals--Rate

For the privilege of severing energy minerals in this state, there is imposed on the owner or operator of any energy mineral an excise tax, to be termed a "severance tax," equal to four and one-half percent of the taxable value of any energy minerals severed and saved by or for the owner or operator. Source: SL 1977, ch 93 , § 1; SL 1978, ch 81 , § 1; SL 1979, ch 78 , § 1; SL 2008, ch 37 , § 94.