Exempted from the gross receipts tax are the receipts from the sale of or leasing of oil, natural gas or mineral interests.
History: 1953 Comp., § 72-16A-12.20, enacted by Laws 1969, ch. 144, § 25.
Effective dates. — Laws 1969, ch. 144, § 68 made Laws 1969, ch. 144, § 25 effective July 1, 1969.
Am. Jur. 2d, A.L.R. and C.J.S. references. — Mining exemption from sales or use tax, 47 A.L.R.4th 1229.
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