3.45.020 Resources subject to tax.
There is levied in the borough, on any severer or harvester of certain natural resources, an excise tax, denominated as a severance tax. The tax rate shall be the sum of all area-wide mill levies which will be multiplied by the gross production value for the calendar quarter resulting from the following activities:
A. Mining, extracting, harvesting, removing or producing for sale, profit, or commercial use, any copper, gold, silver, zinc, lead, molybdenum, or other metallic mineral product, compound, or combination of mineral products;
B. Felling, removing, or producing for sale, profit, or commercial use, timber or any product of the forest;
C. Gravel mining, quarrying, or producing for sale, profit, or commercial use, any sand, gravel, rock or coal; and
D. Harvesting of any raw finfish, shellfish, mollusks and other commercial products of the sea. [Ord. FY2011-16 §2, 2011; Ord. 91-03 §2, 1991. Formerly §3.26.020].