Sec. 9. (a) A storage operator shall pay the department a fee for every 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.
(c) A storage operator shall pay annually to the department a fee of eight cents ($0.08) per ton of carbon dioxide estimated to be injected into a storage facility.
(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.
As added by P.L.163-2022, SEC.2.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Chapter 2. Underground Storage of Carbon Dioxide
14-39-2-3. Rights to Pore Space
14-39-2-4. Integration of Interests to Develop Pore Space
14-39-2-5. Authorization of Carbon Sequestration Projects
14-39-2-6. Application; Return of Incomplete Application; Requirements of a Corrected Application
14-39-2-7. Issuance of a Carbon Sequestration Project Permit
14-39-2-8. Public Disclosure of Confidential Information by the Department
14-39-2-9. Payment to the Department a Fee for Carbon Dioxide Storage
14-39-2-10. Establishment of Carbon Dioxide Storage Facility Trust Fund
14-39-2-12. Recovery of Public Utility; Claim of Subsurface Trespass
14-39-2-13. Certificate of Project Completion; Issuance; Requirements
14-39-2-14. Applicability; Carbon Sequestration Pilot Project