Alabama Gas Storage Unit Agreement
Description
How to fill out Gas Storage Unit Agreement?
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FAQ
Sales at retail of propane and butane gases or any similar gas are subject to sales or use tax, whichever may apply. § 40-23-1(10). Statutory Authority:Code of Ala. 1975, §§ 40-23-31, 40-23-83.
Alabama produces natural gas both onshore and offshore in state waters, including in Mobile Bay.
The Alabama law, passed in 1984, prohibits big retailers from selling gasoline to the public for less than its costs to buy and transport it. That prohibits a retailer from selling fuel below cost, or at a cost lower than charged by others within the same general area.
Many of the Southwestern counties have a great deal of oil production. There is also activity in the Gulf waters off the Alabama coast. This offshore activity generates gas and any production occurring within state waters is subject to Alabama severance taxes.
Depleted natural gas or oil fields function as gas storage reservoirs in California. Natural gas is injected into the storage reservoirs through gas storage wells and stored until withdrawn for use. There are 12 underground natural gas storage fields in the state.