11.015 Mineral Documentary Tax on Pre-1957 Document

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Requirement 11.015

Mineral Documentary Tax on Pre-1957 Document

 

 Mineral Exemption Tax:  The abstract does not show that John Q. Owner and his successors have assessed and paid the ad valorem taxes on the severed mineral estate to the captioned property.

 Requirements:

 (a)        Apply for an exemption of the severed mineral interest from taxation as provided in Sections 40-20-35 and 40-20-36 of the Code of Alabama (1975) and pay all amounts due with that application.

 (b)        Apply a five year escape tax assessment of ad valorem taxes due on the severed mineral interest prior to the granting of the mineral documentary tax exemption and pay all ad valorem taxes due under Sections 40-20-23 and 40-20-32 of the Code of Alabama (1975) on the severed mineral interest for the past five years.

Copyright 2011 by Edward G, Hawkins. All rights reserved.