{"data":{"id":"us-ky/krs-137.120","jurisdiction":"us-ky","citation":"KRS 137.120","heading":"Tax on production of crude petroleum.","body":"(1) Every producer of crude petroleum oil shall pay a tax for state purposes equal to\nfour and one -half percent (4.5%) of the market value of all crude petroleum\nproduced by him in this state.\n(2) A producer of crude petroleum oil shall include any person owni ng an interest in\ncrude petroleum oil produced in this state.\n(3) The tax provided by this section shall be imposed and attached when the crude\npetroleum is first transported from the tanks or other receptacle located at the place\nof production, and shall be imposed ratably upon all persons owning any interest in\nsuch oil.","path":["KRS Chapter 137"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28629","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:28Z","sha256":"f471be21561b277755979761b197b6586c58676d6ff5c2077581d1c46a7a7cae","source_id":"us-ky","stale":false,"prev":"us-ky/krs-137.115","next":"us-ky/krs-137.130"},"notice":"GroundRules: Original legal text. Not legal advice."}