ARM 42.25.1506

42.32.106 MINIMUM TAX AND ANNUAL EXEMPTION (1) The minimum annual tax of $25 is due only once each year from each individual, partnership, firm, association, joint-stock company, syndicate, or corporation who engages in or carries on the business of mining, extracting, or producing a mineral. Likewise the $5,000 reduction of gross value of product may be claimed only once each year by a producer.