80-11-412. Assessment on mint oil -- exception. (1) Except as provided in subsection (4), there is levied on all mint oil produced in this state and sold through normal commercial channels an assessment of not less than 5 cents or more than 15 cents a pound. The assessment must be collected by the first purchaser from the grower at the time of each settlement for mint oil purchased.
     (2) The assessment must be collected whether the mint oil is stored in this state or any other state. The assessment is imposed only on the initial sale in which a grower parts with title to the mint oil.
     (3) The committee shall by rule set the amount of the assessment in accordance with subsection (1).
     (4) A first purchaser is not required to collect or pay the assessment unless 1,000 pounds or more of mint oil is purchased in a calendar year.

     History: En. Sec. 8, Ch. 182, L. 1989; amd. Sec. 2, Ch. 62, L. 1993; amd. Sec. 2, Ch. 46, L. 2001.