Arkansas § 15-72-1001 - Tax incentives — Increased volume by enhanced recovery.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-72-1001 — Tax incentives — Increased volume by enhanced recovery., with citation guidance and answers to common questions.
§ 15-72-1001. Tax incentives — Increased volume by enhanced recovery.
An oil producer who initiates a program for the enhanced recovery of crude oil pursuant to a plan first approved by the Oil and Gas Commission for purposes of recovering the incremental oil from a well or group of wells which results in the production of a volume of crude oil in excess of the volume produced prior to the commencement of the project shall be granted a fifty percent (50%) reduction in the severance tax which would otherwise be required to be paid, as provided for in § 26-58-111(6) , on the total quantity of the incremental increase in crude oil produced as a result of the approved enhanced recovery project.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-72-1001
What does Arkansas Code of 1987 Annotated § 15-72-1001 cover?
Section 15-72-1001 ("Tax incentives — Increased volume by enhanced recovery.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-72-1001?
A common citation format is "Arkansas Code of 1987 Annotated § 15-72-1001" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-72-1001 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.