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Adopted Executive Regulations |
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MCER NO. 12-10: ADOPTED DEPARTMENT OF FINANCE REGULATION Excise Tax on Major Emitters of Carbon Dioxide SUMMARY: This regulation implements the excise tax on the emission of carbon dioxide imposed under Section 52-95 through 52-100, ensures that the appropriate tax is levied on all taxpayers that are subject to the tax, provides for a mechanism to estimate the tax if the taxpayer fails to report the tax due, assesses interest and penalties in the event of a delinquency, and establishes procedures for verification of the tax, and by amendment at a later date will define and describe the administrative process to apply for and obtain a credit under Section 52-97 and the basis for the credit. ACTION: Executive Regulation 12-10 was approved by the County Council according to the Method 2 review process, effective November 30, 2010. AUTHORIZATION AND PROCEDURAL METHOD: Montgomery County Code, 2004, Section 52-96(f). Method 2. COPIES OF THE PROPOSED REGULATION: A copy of the regulation may be obtained from Sarah Gomez, Division of Treasury, 255 Rockville Pike, Suite L-15, Rockville, Maryland 20850, 240-777-8994. Email: [email protected]
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