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DE HB418
Bill
Status
6/17/2014
Primary Sponsor
Edward Osienski
Click for details
AI Summary
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Defines "lightering" as commercial transfer of materials in bulk quantities exceeding 40 barrels between vessels in Delaware territorial waters to reduce channel depth requirements for passage.
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Requires any person engaged in petroleum product lightering to obtain a license from the Department of Finance with an annual fee of $75, renewable each January 1.
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Imposes an additional monthly fee of $1 per barrel of petroleum product transferred, due on or before the 20th of each month with certified statement documentation.
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Directs all fees collected to the Department of Transportation for deposit into the Transportation Trust Fund under Chapter 14 of Title 2 to finance roads, highways, and transportation facilities.
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Effective date: January 1, 2015.
Legislative Description
An Act To Amend Title 30 Of The Delaware Code Relating To State Taxes And Vessel-to-vessel Transfers Of Petroleum Products.
Last Action
Introduced in House and assigned to House Administration Committee
6/17/2014