IllinoisHB0051104th General Assembly (2025–2026)House

FINANCE-CO2 PIPELINE

Sponsored By: Charles Meier (Republican)

In Committee

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Charles Meier

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. To Tax Policy: Other Taxes Subcommittee

    2/25/2025House
  3. Assigned to Revenue & Finance Committee

    2/4/2025House
  4. Referred to Rules Committee

    1/9/2025House
  5. First Reading

    1/9/2025House
  6. Prefiled with Clerk by Rep. Charles Meier

    12/11/2024House

Bill Text

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