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.