FINANCE-CO2 PIPELINE

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Hydraulic Fracturing Tax Act. Provides that 80% of the moneys received under the Act on or after the effective date of the amendatory Act shall be paid into the Pension Stabilization Fund and 20% of those moneys shall be paid into the Carbon Dioxide Pipeline Fund. Amends the State Finance Act to create the Carbon Dioxide Pipeline Fund. Provides that moneys in the Fund shall be used by the Illinois Commerce Commission to supervise and regulate the operations of the carbon dioxide pipeline industry in Illinois. Effective immediately.

Every action

6 steps, oldest first, as the legislature records them.

1. Dec 11, 2024HousePrefiled with Clerk by Rep. Charles Meier
2. Jan 9, 2025HouseFirst Reading
3. Jan 9, 2025CommitteeReferred to Rules Committee · House Rules
4. Feb 4, 2025CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
5. Feb 25, 2025CommitteeTo Tax Policy: Other Taxes Subcommittee · House Tax Policy: Other Taxes Subcommitte
6. Mar 21, 2025CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

• Charles MeierR Primary sponsor · District 109