Relating to providing for a processing tax of one-fourth (1/4) cent per gallon on all combustible condensates, such as refined gasoline, naptha, casinghead gasoline, natural gasoline, drip gasoline, and all other combustible condensates of crude petroleum, natural gas, or any other product by any method of refining, manufacturing, processing, separating, extracting, compounding, blending, or storing, whether manufactured within or without this State; providing penalties for evasion of this Act; providing for production records to be kept and penalties for refusal or neglect in rendering reports; providing for penalties for failing to remit tax; providing for tax to be paid at point of production or storage.
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