{"data":{"id":"us-in/ic-6-8-1-5","jurisdiction":"us-in","citation":"IC 6-8-1-5","heading":"\"Petroleum\", \"natural gas\", \"oil\", and \"barrel of oil\" defined","body":"Sec. 5. (a) As used in this chapter, \"petroleum\" means all hydrocarbons produced at a well in a liquid or gaseous state.\n(b) As used in this chapter, \"natural gas\" means petroleum that maintains a gaseous state at atmospheric conditions.\n(c) As used in this chapter, \"oil\" means petroleum that maintains a liquid state at atmospheric conditions.\n(d) As used in this chapter, \"barrel of oil\" means forty-two (42) U.S. gallons of oil at sixty degrees Fahrenheit (60° F).","path":["TITLE 6. TAXATION","ARTICLE 8. MISCELLANEOUS","Chapter 1. Petroleum Severance Tax"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-8-1-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"39832652839242852fe3c9f4542114fb5054db7906867b1c3a156a2f9ff45e57","source_id":"us-in","stale":false,"prev":"us-in/ic-6-8-1-4","next":"us-in/ic-6-8-1-5.5"},"notice":"GroundRules: Original legal text. Not legal advice."}