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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB0051 Introduced 1/9/2025, by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
| | 30 ILCS 105/5.1030 new | | 30 ILCS 105/6z-144 new | | 35 ILCS 450/2-75 | |
| 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. |
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| | A BILL FOR |
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| | HB0051 | | LRB104 03405 HLH 13427 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Finance Act is amended by adding |
| 5 | | Sections 5.1030 and 6z-144 as follows:
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| 6 | | (30 ILCS 105/5.1030 new) |
| 7 | | Sec. 5.1030. The Carbon Dioxide Pipeline Fund.
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| 8 | | (30 ILCS 105/6z-144 new) |
| 9 | | Sec. 6z-144. Carbon Dioxide Pipeline Fund; creation. The |
| 10 | | Carbon Dioxide Pipeline Fund is hereby created as a special |
| 11 | | fund in the State treasury. Moneys in the Fund shall be used by |
| 12 | | the Illinois Commerce Commission to supervise and regulate the |
| 13 | | operations of the carbon dioxide pipeline industry in |
| 14 | | Illinois. As used in this Section, "carbon dioxide pipeline" |
| 15 | | has the meaning given to that term in Section 10 of the Carbon |
| 16 | | Dioxide Transportation and Sequestration Act.
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| 17 | | Section 10. The Illinois Hydraulic Fracturing Tax Act is |
| 18 | | amended by changing Section 2-75 as follows:
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| 19 | | (35 ILCS 450/2-75) |
| 20 | | Sec. 2-75. Distribution of proceeds. Of the All moneys |