§ 14-207. Underground storage use fee
West's Annotated Code of MarylandEnvironment
MD Code, Environment, § 14-207
§ 14-207. Underground storage use fee
For the privilege of using geological strata beneath the surface of the earth in Prince George's County or underground storage of gas in volumes greater than the minimum volume specified, a gas storage company shall pay the county an annual underground storage use fee. The fee applies annually to all gas in storage, except the specified minimum volume, on the last day of each calendar year. It is computed at the following annual rates on the commodity charge paid for the gas by the gas storage company, as evidenced by the tariff under which the gas was purchased:
Rate | Cubic feet of gas in storage |
No fee | On the first 5 billion |
2 percent | On all over 5 billion but |
not over 10 billion | |
4 percent | On all over 10 billion |
but not over 15 billion | |
6 percent | On all over 15 billion |
but not over 20 billion | |
8 percent | On all over 20 billion |
but not over 25 billion | |
10 percent | On all over 25 billion. |
Credits
Added by Acts 1973, 1st Sp. Sess., c. 4, § 1. Renumbered from Natural Resources § 6-208 by Acts 1995, c. 488, § 2, eff. July 1, 1995.
Formerly Art. 66C, § 695K.
MD Code, Environment, § 14-207, MD ENVIR § 14-207
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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