Maryland Senate Bill 535 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 29 2014 - 25% progression, died in committee
Action: 2014-02-19 - Hearing 2/19 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

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.

Natural Gas Severance Tax and Impact Account

Sen. George Edwards [R]

Date	Chamber	Action
2014-02-19	Senate	Hearing 2/19 at 1:00 p.m.
2014-01-29	Senate	First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0535?ys=2014rs
Text	https://mgaleg.maryland.gov/2014RS/bills/sb/sb0535f.pdf
Supplement	https://mgaleg.maryland.gov/2014RS/fnotes/bil_0005/sb0535.pdf