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ND SB2152

Bill

Official Source

Status

Passed

3/23/2021

Primary Sponsor

Jessica Unruh Bell

Click for details

Origin

Senate

67th Legislative Assembly

AI Summary

  • Expands the sales and use tax exemption for carbon dioxide to include secure geologic storage, in addition to the existing exemption for enhanced recovery of oil or natural gas.

  • Amends subsection 49 of section 57-39.2-04 and subsection 24 of section 57-40.2-04 of the North Dakota Century Code to reflect the expanded exemption.

  • Effective for taxable events occurring after June 30, 2021.

  • Passed the Senate 47-0 and the House 90-1.

Legislative Description

A sales and use tax exemption for carbon dioxide used for secure geologic storage; and to provide an effective date.

Last Action

Signed by Governor 03/22

3/23/2021

Committee Referrals

Finance and Taxation1/8/2021

Full Bill Text

No bill text available