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ND SB2320
Bill
Status
1/20/2025
Primary Sponsor
Jeffery Magrum
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AI Summary
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Amends North Dakota Century Code section 57-06-17.1 to add a new exception to the existing carbon dioxide pipeline property tax exemption
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Interstate pipelines transporting carbon dioxide into North Dakota for secure geologic storage are excluded from receiving the tax exemption
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The existing exemption remains available for pipelines constructed after 1996 used for CO2 transportation or storage for geologic storage or enhanced oil/natural gas recovery during construction and for 10 years after initial operation
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Land continues to be excluded from the exemption regardless of pipeline type
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Effective for taxable years beginning after December 31, 2024
Legislative Description
The carbon dioxide pipeline tax exemption; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 10 nays 36
2/6/2025