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2006 LAWS OF MARYLAND
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Ch. 248
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1. THE INSTALLATION OR IMPROVEMENT OCCURS AFTER
JANUARY 1, 2007, AT A COST OF NOT LESS THAN $100,000,000 IN CERTIFIED EXPENSES;
AND
2. THE FACILITY IS DESIGNED TO EXCEED THE AIR
EMISSION STANDARDS REQUIRED IN BOTH STATE AND FEDERAL LAWS AND
REGULATIONS IN EFFECT AT THE TIME THE FACILITY BEGINS OPERATIONS AFTER
INSTALLATION OR IMPROVEMENT OF THE POLLUTION CONTROL EQUIPMENT.
(b) (2) (1) (I) [A] SUBJECT TO THE LIMITATIONS OF THIS PARAGRAPH
SUBSECTION, A public service company, including any multijurisdictional public
service company, may claim a credit against the public service company franchise tax
in the amount of $3 for each ton of Maryland-mined coal that the public service
company purchased in the calendar year.
(II) The credit under this subsection may not be claimed for
Maryland mined coal purchased in a calendar year beginning after December 31,
2020.
(2) (i) This paragraph applies only to credits claimed under this
subsection for calendar years beginning on or after January 1, 2007.
(II) THE CREDIT UNDER THIS SUBSECTION MAY NOT BE CLAIMED
FOR MARYLAND-MINED COAL PURCHASED IN A CALENDAR YEAR BEGINNING AFTER
DECEMBER 31, 2020.
(2) (I) THIS PARAGRAPH APPLIES ONLY TO CREDITS CLAIMED UNDER
THIS SUBSECTION FOR CALENDAR YEARS BEGINNING ON OR AFTER JANUARY 1,
2007.
(II) THE AMOUNT CLAIMED AS A CREDIT UNDER THIS PARAGRAPH
SUBSECTION MAY NOT EXCEED THE AMOUNT APPROVED BY THE DEPARTMENT
UNDER THIS PARAGRAPH.
(III) BY JANUARY 15 OF THE CALENDAR YEAR FOLLOWING THE END
OF THE CALENDAR YEAR IN WHICH THE MARYLAND-MINED COAL WAS PURCHASED,
A PUBLIC SERVICE COMPANY, OR A COGENERATOR OR ELECTRICITY SUPPLIER AS
DEFINED IN § 10-704.1 OF THIS ARTICLE, SHALL SUBMIT AN APPLICATION TO THE
DEPARTMENT FOR APPROVAL OF THE CREDIT ALLOWED UNDER THIS PARAGRAPH.
(TV) SUBJECT TO SUBPARAGRAPH (VI) OF THIS PARAGRAPH, THE
TOTAL AMOUNT OF CREDITS APPROVED BY THE DEPARTMENT UNDER THIS
PARAGRAPH FOR ANY CALENDAR YEAR MAY NOT EXCEED:
1. $12,000,000 FOR CALENDAR YEAR 2006;
2. 1. $9,000,000 FOR A CALENDAR YEAR BEGINNING AFTER
DECEMBER 31, 2006, BUT BEFORE JANUARY 1, 2015 2011:
3. 2. $6,000,000 FOR A CALENDAR YEAR BEGINNING AFTER
DECEMBER 31, 2014 2010, BUT BEFORE JANUARY 1, 2021 1015; OR
- 1448 -
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