HB 1295 ND
A BILL for an Act to amend and reenact subsection 3 of section 54-35-26 and sections 57-40.2-03.3 and 57-60-06 of the North Dakota Century Code, relating to the evaluation of economic development tax incentives, the carbon dioxide capture and injection use tax exemption, and the ad valorem property tax exemption for carbon dioxide capture equipment used for enhanced oil recovery and secure geologic storage; to repeal sections 57-06-17.1, 57-06-17.2, and 57-39.2-04.14 of the North Dakota Century Code, relating to the carbon dioxide pipeline exemption, payments in lieu of taxes for certain carbon dioxide pipeline property, and the carbon dioxide capture and injection sales tax exemption; and to provide an effective date.
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Summary
Relating to the evaluation of economic development tax incentives, the carbon dioxide capture and injection use tax exemption, and the ad valorem property tax exemption for carbon dioxide capture equipment used for enhanced oil recovery and secure geologic storage; to repeal sections 57‑06‑17.1, 57‑06‑17.2, and 57‑39.2‑04.14 of the North Dakota Century Code, relating to the carbon dioxide pipeline exemption, payments in lieu of taxes for certain carbon dioxide pipeline property, and the carbon dioxide capture and injection sales tax exemption; and to provide an effective date.
Sponsor (1)
- SuAnn Olson Republican · primary
8 coauthors / cosponsors
- Mark Enget Republican · cosponsor
- Matthew Heilman Republican · cosponsor
- Daniel Johnston Republican · cosponsor
- Jim Kasper Republican · cosponsor
- Jeffery J. Magrum Republican · cosponsor
- Roger A. Maki Republican · cosponsor
- Dennis Nehring Republican · cosponsor
- Nathan Toman Republican · cosponsor
Action history (4)
- Jan 13, 2025 Introduced, first reading, referred Finance and Taxation Committee · lower
- Feb 3, 2025 Committee Hearing 09:30 · lower
- Feb 13, 2025 Reported back, do not pass, placed on calendar 13 1 0 · lower
- Feb 14, 2025 Second reading, failed to pass, yeas 24 nays 60 · lower
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