§ 14-39-2-9 — Payment to the department a fee for carbon dioxide storage

Indiana § 14-39-2-9

• Jurisdiction: Indiana
• Art. 39: CARBON DIOXIDE
• Ch. 2: Underground Storage of Carbon Dioxide

Text

(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) 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.
(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.

Legislative History

As added by P.L.163-2022, SEC.2. Amended by P.L.25-2025, SEC.8; P.L.213-2025, SEC.139.