Examples of Royalty Act in a sentence
Some states have additionally enacted art specific legislation, such as New York’s Arts and Cultural Affairs Law and California’s Resale Royalty Act.
Main reference: Clause 118; section 6A of the Mineral and Petroleum Resources Royalty Act, 2008) Comment: No justification exists for coal to be categorized into four grades.
Main reference: Clause 119; section 8A of the Mineral and Petroleum Resources Royalty Act, 2008) Comment: Rollover relief should be allowed regardless of whether a refining purpose exists for the transferee.
Technical correction Comment (sections 5 and 6 of the Mineral and Petroleum Resources Royalty Act): The “gross sales” amount should take into account the differences between amounts received versus amounts accrued that stem from foreign exchange rate fluctuations.
An exemption under subsection (2), and the application of the Mineral Royalty Act 1982 under subsection (4) to and in relation to a production unit referred to in subsection (2), ceases on the renewal of the mining tenement comprising in whole or in part that production unit.
The South African Government has enacted the Mineral and Petroleum Resources Royalty Act (the ‘‘Royalty Act’’), which imposes a royalty payable to the South African Government by businesses based upon financial profits made through the transfer of mineral resources.
California’s Resale Royalty Act requires the payment of royalties to the artist after a sale of fine art whenever “the seller resides in California or the sale takes place in California.” Cal.
Notwithstanding the repeals and amendments effected by the Mineral Royalty Amendment Act 1987, the Mineral Royalty Act 1982 remains in force to the extent necessary to give effect to section 3(5) as if the Mineral Royalty Amendment Act 1987 (other than section 4 of that Act) had never commenced.
In 1976, California passed the California Resale Royalty Act (the Act) — a law that, for the last 39 years, has secured invaluable benefits for talented artists.
The Royalty Act differentiates between refined and unrefined mineral resources.