MD SB879 | 2013 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 8 2013 - 25% progression, died in committee
Action: 2013-03-15 - Hearing 3/15 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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 gross fair market value of natural gas produced; 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.

Tracking Information

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Title

Natural Gas Severance Tax and Impact Account

Sponsors


History

DateChamberAction
2013-03-15SenateHearing 3/15 at 1:00 p.m.
2013-02-20SenateRereferred to Budget and Taxation
2013-02-08SenateFirst Reading Senate Rules

Subjects


Maryland State Sources


Bill Comments

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