Bill Status of HB 51   104th General Assembly

Short Description:  FINANCE-CO2 PIPELINE

House Sponsors
Rep. Charles Meier

Last Action  View All Actions

DateChamber Action
  1/9/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
30 ILCS 105/5.1030 new
30 ILCS 105/6z-144 new
35 ILCS 450/2-75

Synopsis As Introduced
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.

Actions 
DateChamber Action
  12/11/2024HousePrefiled with Clerk by Rep. Charles Meier
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee

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