IA SF2069

Imposes a tax of $2.50 per metric ton on liquefied carbon dioxide transported through Iowa pipelines, with a reduced rate of $1.00 per metric ton when the CO2 is used for enhanced oil recovery.

Applies to any person, partnership, association, corporation, or syndicate operating pipelines permitted under Iowa Code chapter 479B for transporting liquefied carbon dioxide.

Requires pipeline companies to file annual tax returns by March 31 reporting total taxable metric tons transported and to notify the Department of Revenue when CO2 transportation begins.

Deposits all tax revenues into the taxpayer relief fund established under Iowa Code section 8.57E.

Administered and enforced by the Iowa Department of Revenue, with penalties for failure to file returns or filing incorrect returns.