Loading chat...
ND HB1295
Bill
Status
1/13/2025
Primary Sponsor
SuAnn Olson
Click for details
AI Summary
-
Repeals the carbon dioxide pipeline property tax exemption (Section 57-06-17.1) and the related payments in lieu of taxes provisions (Section 57-06-17.2) for taxable years beginning after December 31, 2024
-
Repeals the sales and use tax exemption for materials used in compressing, gathering, collecting, storing, transporting, or injecting carbon dioxide for enhanced oil/gas recovery (Section 57-39.2-04.14), effective for taxable events after June 30, 2025
-
Removes the carbon dioxide capture and injection sales/use tax exemption from the list of economic development tax incentives subject to mandatory six-year legislative analysis
-
Maintains existing ad valorem property tax exemptions for carbon dioxide capture systems at coal conversion facilities and equipment used for secure geologic storage or enhanced oil/gas recovery, but removes the cross-reference allowing carbon dioxide pipelines to qualify under a separate exemption
Legislative Description
The carbon dioxide pipeline exemption, payments in lieu of taxes for certain carbon dioxide pipeline property, and the carbon dioxide capture and injection sales tax exemption; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 24 nays 60
2/14/2025