Authority
Sections 40-20-30 through 40-20-37, Code of Alabama 1975.
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Sections 40-20-30 through 40-20-37, Code of Alabama 1975.
Filing and recording any instrument creating a leasehold interest in any non- producing oil, gas, or other similar mineral interest in Alabama and upon every deed, instrument, transfer, or evidence of sale conveying interest or right to receive royalties from such property.
Minimum fee – $1.
Term of leasehold less than 10 years – $.05 per mineral or royalty acre.
Term of leasehold more than 10 but less than 20 years – $.10 per mineral or royalty acre.
Term of leasehold greater than 20 years – $.15 per mineral or royalty acre.
35% – County General Fund.
35% – County Public School Fund.
30% – State General Fund.
*Not collected by ALDOR.