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LA HB444
Bill
Status
4/4/2025
Primary Sponsor
Shane Mack
Click for details
AI Summary
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Imposes a $3 per metric ton injection tax on carbon dioxide storage operators using Class VI wells for geologic sequestration
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Requires monthly electronic payment to the Department of Revenue by the 20th of the following month, with reports submitted to both Revenue and the Department of Energy and Natural Resources
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Dedicates tax revenue to the parish or parishes where carbon dioxide is stored, after Bond Security and Redemption Fund obligations are met
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Allocates revenue proportionally among multiple parishes based on each parish's share of surface area above the storage facility's area of review
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Parishes may use the received revenue for any lawful purpose
Legislative Description
Creates an injection tax for carbon dioxide sequestration (OR SEE FISC NOTE SG RV)
ENERGY
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025