Arkansas § 15-72-1003 - Tax incentives — Increased volume by new research technology.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-72-1003 — Tax incentives — Increased volume by new research technology., with citation guidance and answers to common questions.
§ 15-72-1003. Tax incentives — Increased volume by new research technology.
If the utilization of new research technology results in the increased production of crude oil by an active field, as established by the Oil and Gas Commission, then the total quantity of the incremental increase in crude oil produced as a result of the new technology shall be exempt from severance tax.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-72-1003
What does Arkansas Code of 1987 Annotated § 15-72-1003 cover?
Section 15-72-1003 ("Tax incentives — Increased volume by new research technology.") 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 § 15-72-1003?
A common citation format is "Arkansas Code of 1987 Annotated § 15-72-1003" (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 § 15-72-1003 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.