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HB 51

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 21, 2025.

FINANCE-CO2 PIPELINE.

Bill ID IL-104-HB-51
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2025-03-21
Business / Commerce Environment / Climate Tax / Budget / Appropriations
Summary

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.

Sponsor
Charles Meier
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-09 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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