SB0525 (CH0399)

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Maryland Dormant Minerals Interests Act - Use of Mineral Interest - Clarification

Sponsored by:

Senator Edwards

Status:

Approved by the Governor - Chapter 399


Synopsis:Clarifying that when an owner of a mineral interest takes a specified action for a mineral that is part of a mineral interest, the action constitutes use of the entire mineral interest owned by that owner; establishing that payment of specified taxes by an owner of a mineral interest constitutes use of the entire mineral interest that is taxed and specified other mineral interests that are not taxed; and establishing that a specified judgment or decree constitutes use of the specified mineral interest.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senator Edwards
Additional Facts:Cross-filed with: HB0576
Bill File Type: Regular
Effective Date(s): October 1, 2016
Committee(s):
Education, Health, and Environmental AffairsEnvironment and Transportation  View Committee Hearing
Broad Subject(s):Environment
Narrow Subject(s):Assessments
Circuit Courts
Clerks of Court
Judgments
Land Records -see also- Deeds
Mining
Notices
Real Property
Recordation
Records -see also- Land Records; Vital Records
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Environment
(15-1203)

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October 24, 2017 5:09 P.M.