Annually the department shall compute the assessed value of equipment for each production unit and extend the applicable rates against the assessed value to determine the amount of tax due. The department shall prepare a tax statement for each production unit showing the production unit identification, the taxing district in which it is located, calendar-year value, assessed value, district rates and the amount of tax due. The tax statement shall be sent to the operator on or before November 1 and payment shall be made to the department on or before November 30.

History: 1953 Comp., § 72-24-6, enacted by Laws 1969, ch. 119, § 6; 1978 Comp., § 7-34-6, 2025, ch. 130, § 145.

ANNOTATIONS

The 2025 amendment, effective July 1, 2025, changed the date by when the tax statement must be sent to the operator, and made certain technical amendments; replaced each occurrence of "commission" with "department," and after "on or before," deleted "October 15" and added "November 1".