Bill Status of HB0051

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HB0051 - 104th General Assembly

FINANCE-CO2 PIPELINE
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Charles Meier
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
Date Chamber Action
12/11/2024 House Prefiled with Clerk by Rep. Charles Meier
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
2/04/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Tax Policy: Other Taxes Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee