Sec 42-18058. Collection and payment of tax on livestock in feedlot or stockyard; exceptions

A. The operator of a feedlot or stockyard shall collect and remit the tax on feeder livestock that are confined at the feedlot or stockyard for fattening before sale for slaughter. The operator shall remit the tax quarterly to the county treasurer based on the aggregate of the applicable tax rates that were in effect for the preceding tax year.

B. Tax shall not be collected or remitted on the following livestock:

1. Livestock that die before leaving the feedlot or stockyard.

2. Livestock that have previously been taxed in this state during the current tax year before arriving at the feedlot or stockyard.

3. Livestock that are held in the feedlot or stockyard for less than forty-five days.

C. The department shall prescribe procedures and provide forms that are necessary to implement this section.