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LA HB879
Bill
Status
2/27/2026
Primary Sponsor
Robert Carter
Click for details
AI Summary
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Carbon dioxide storage facility operators must pay at least 25% of gross federal tax credits earned under 26 U.S.C. 45Q (carbon sequestration credits) to landowners with ownership interests in the storage facility
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Payments to landowners must be allocated proportionally based on each owner's share of the total surface acreage contributed to the storage facility
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Enacts new section R.S. 30:1116 to Louisiana law governing carbon dioxide storage operations
Legislative Description
Requires carbon dioxide storage facility operators pay twenty-five percent of their gross tax credit amount to the landowners of the area of operations
ENERGY
Last Action
Read by title, under the rules, referred to the Committee on Natural Resources and Environment.
3/9/2026