Imposing a tax on the production of natural gas from specified wells in the State; setting the rate of the tax at 2.5% of the gross fair market value of natural gas produced at the wellhead; providing for the administration of the tax by the Comptroller; providing for the distribution of revenue from the tax; establishing the Natural Gas Impact Account as a special, nonlapsing fund in the Oil and Gas Fund; requiring the Department of the Environment to administer the Account; specifying the contents of the Account; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2014
|Date Posted||Document Name|
|1/29/2014||Text - First - Natural Gas Severance Tax and Impact Account|
( 14-124.1 )
( 10.5-101 through 10.5-301, 1-101, 13-1001, 13-1003, 13-1008, 13-1102, 13-1104, 13-201, 13-508, 13-509, 13-825, 2-102, 2-104, 2-11A-01, 2-11A-02 )
Last Updated: 2/3/2020 2:29 PM