Ind. Code § 14-39-2-9
Payment to the department a fee for carbon dioxide storage
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Sec. 9. (a) A storage operator shall pay the department a fee for every ton of carbon dioxide injected for storage.
Sec. 9. (a) A storage operator shall pay the department the fees described in subsections (b) and (c) for every metric ton of carbon dioxide injected for storage.
(b) The storage operator shall provide the department with an estimate of the amount of carbon dioxide to be injected into a storage facility for the period of the permit at the time of application for a carbon sequestration project permit.
(b) Not later than March 1 of each year, a storage operator shall pay to the department a fee of eight cents ($0.08) per metric ton of carbon dioxide injected into the storage facility during the immediately preceding calendar year. The department shall deposit the fee into the carbon dioxide storage facility trust fund established by section 10 of this chapter.
(d) A storage operator shall reconcile the previous calendar year's payment with the volume of carbon dioxide actually injected into the storage facility the previous calendar year. The storage operator shall submit payment for the amount of carbon dioxide injected into a storage facility less the amount paid the previous calendar year.
(e) The department shall refund a storage operator any overpayment in the current year from the previous calendar year.
(c) Not later than March 1 of each year, a storage operator shall pay to the department a fee that is based on the amount of carbon dioxide injected into the storage facility during the immediately preceding calendar year and that is equal to the product of:
(1) the number of metric tons of carbon dioxide injected into the storage facility during the immediately preceding calendar year; multiplied by
(2) five cents ($0.05).
The department shall deposit the fee into the carbon sequestration project program administrative fund established by section 10.5 of this chapter.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.