A bill for an act establishing the Iowa carbon dioxide disaster relief fund, creating an excise tax, and making appropriations.

This bill creates the Iowa Carbon Dioxide Disaster Relief Fund to provide immediate response and long-term recovery for communities affected by CO2 pipeline incidents, such as leaks or ruptures. It imposes a tax on CO2 pipeline operators and facilities to fund the relief efforts, requiring a minimum $10 billion balance in the fund before pipelines can operate in Iowa. The fund will cover emergency cleanup, victim compensation, rebuilding, and environmental restoration. Two oversight boards - the Oversight Board (managing fund integrity) and Victim Assistance Board (distributing aid) - will administer the fund and ensure resources reach affected individuals and communities.