§11-13V-4a. Coalbed methane.
(a) Subject to the exceptions set forth in this section, on
and after the first day of January, two thousand nine, coalbed
methane and methane produced from or by a coalbed methane well is
taxable as natural gas for purposes of the taxes imposed by this
article. All coalbed methane produced from any coalbed methane
well placed in service, including the commencement of actual
drilling of the well, before the first day of January, two thousand
nine, shall be exempt from the taxes imposed by this article for
the remainder of the five-year original exemption period set forth
in section three-d, article thirteen-a of this chapter and
applicable to the coalbed methane produced from that well.
(b) For purposes of this section, the terms "coalbed methane"
and "coalbed methane well" have the meaning ascribed to them in
section two, article twenty-one, chapter twenty-two of this code.