SB0535

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Natural Gas Severance Tax and Impact Account

Sponsored by:

Senator Edwards

Status:

In the Senate - Hearing 2/19 at 1:00 p.m.


Synopsis: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.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Edwards
Additional Facts:Introduced in a prior session as: SB0879 Session: 2013 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2014
Committee(s):
Budget and Taxation   View Committee Hearing
Broad Subject(s):Taxes - Miscellaneous
Natural Resources - Generally
Environment
Narrow Subject(s):Appeals -see also- Judicial Review
Bonds -see also- County & Baltimore City Bonds; State Bonds
Civil Actions -see also- Small Claims
Comptroller
Crimes and Punishments -see also- Penalties and Sentnc; etc.
Environment, Department of
Environmental Health -see also- Pollution
Environmental Matters -see also- Conserv; Nat Resrce; Pollut
Fuel -see also- Coal
Hearings
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Natural Resources -see also- Conserv; Forest & Park; Wildlds
Penalties and Sentences -see also- Death Penalty
Records -see also- Land Records; Vital Records
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes of Limitation
Wells
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:56 P.M.