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HB879

Requires carbon dioxide storage facility operators pay twenty-five percent of their gross tax credit amount to the landowners of the area of operations

Introduced·2/27/26
Ment Text

Louisiana HB879 requires carbon dioxide storage facility operators to pay landowners 25% of their gross tax credit amount.

Louisiana HB879 mandates that carbon dioxide storage facility operators compensate landowners in the area of operations by paying them at least 25% of their gross tax credit amount. These payments are based on the proportionate share of the total surface acreage contributed to the storage facility. The bill adds a new section to the Revised Statutes of Louisiana, specifically R.S. 30:1116, to enforce this requirement.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Natural Resources and Environment Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Mar 9

House

Read by title, under the rules, referred to the Committee on Natural Resources and Environment.

Feb 27

House

Prefiled.

Feb 27

House

Under the rules, provisionally referred to the Committee on Natural Resources and Environment.