ND SB2333

Creates a new low-carbon fuels fund in the state treasury to provide incentives to ethanol production facilities for capital projects that increase efficiency and decrease carbon intensity, including carbon capture, energy efficiency, and yield improvements

Limits incentive distributions to 50% of eligible project costs, with caps of $3 million per biennium, $10 million cumulative per facility, and a 10-year maximum eligibility period

Funds the program through annual transfers from the highway tax distribution fund equal to 40% of farm vehicle registration fees, until cumulative transfers reach $30 million

Repeals the existing ethanol production incentive program (Chapter 17-02) and transfers any remaining balance from that fund to the new low-carbon fuels fund on July 1, 2025

Passed the Senate 42-2 and the House 65-25