Loading chat...
LA HB552
Bill
Status
4/4/2025
Primary Sponsor
Rodney Schamerhorn
Click for details
AI Summary
-
Establishes an excise tax of 5 cents per mile, per ton of carbon dioxide or related substances transported through carbon capture and storage (CCS) pipelines in Louisiana, effective July 1, 2025
-
Requires CCS pipeline operators to report and pay the tax quarterly to the Department of Revenue, including detailed reports on pipeline mileage and tonnage transported in each parish
-
Directs the state treasurer to distribute all collected revenues to parish governing authorities in proportion to the taxable pipeline activity occurring within each parish
-
Restricts parishes to spending the received funds exclusively on projects and services within 3 miles of a CCS pipeline, including infrastructure improvements, environmental mitigation, and public safety enhancements
Legislative Description
Levies a tax on the operation of carbon capture and storage pipelines (OR SEE FISC NOTE SG EX)
TAX/EXCISE
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025