42-5202. Levy of tax A. There is levied on any severer, and the department shall collect, an excise tax, denominated as a severance tax. B. Except as provided in section 42-5203, the severance tax is in lieu of any other tax imposed upon the activities of mining and processing by article 1 of this chapter. C. The amount of the severance tax levied on a severer engaging in the business of mining shall be determined by multiplying the net severance base by two and one-half per cent.
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