§ 13-207. Producing coal, oil, gas, etc., and using such products in producer's business.

A person exercising privileges taxable under the other sections of this article, producing coal, oil, natural gas, minerals, timber, or other natural resource products, the production of which is taxable under section 13-208, and using or consuming such products in such person's business or transferring or delivering the same as any royalty payment, in kind, or the like, shall be deemed to be engaged in the business of mining and producing coal, oil, natural gas, minerals, timber or other natural resource products for sale, profit or commercial use, and shall be required to make returns on account of the production of the business showing the gross proceeds or equivalent in accordance with uniform and equitable rules and determining the value upon which such privilege tax shall be levied, corresponding as nearly as possible to the gross proceeds from the sale of similar products or like quality or character by other taxpayers, which rules the council shall prescribe.

(Code 1971, § 23-8)

State law reference

Similar provisions, W. Va. Code, § 11-13-3.