On or before September 1, 1991 and until July 1, 1996, a fee shall be paid annually to the Department for each underground storage tank in the State unless the tank is used exclusively for the production, distribution, or sale of petroleum by the owner of the tank. The tank fee imposed under this section may not exceed: $100 for each tank having a maximum capacity of under 1,100 gallons; and $200 for each tank having a maximum capacity of 1,100 gallons or more. The tank fee imposed under this section may be waived or reduced provided that: The owner of the tank has not been billed for the fee for 2 consecutive years; and By October 1, 1996, the owner of the tank upgrades, replaces, or removes the tank to meet the technical requirements of the underground storage tank regulation adopted under Subtitle 4 of this title.