Upon every person engaging or continuing within the Town in the business of producing for sale, profit or commercial use any natural resource products, or engaging in bulk distributing of any natural resource product, the amount of the tax imposed by this article shall be equal to the value of the articles produced as shown by the gross proceeds derived from the sale thereof by the producer, except as hereinafter provided, multiplied by the rates as follows: Limestone or sandstone, quarried or mined, one and five-tenths percent; coal, quarried or mined, one percent; oil or natural gas, in excess of the value of five thousand dollars, blast furnace slag, sand, gravel or other mineral products, not quarried or mined, timber or other natural resource products, one and five-tenths percent. The measure of this tax is the value of the entire production in the Town, regardless of the place of sale or the fact that delivery may be made to points outside the Town.
(Amended 10-3-95.)