TAX/EXCISE: Levies a tax on the operation of carbon capture and storage pipelines (OR SEE FISC NOTE SG EX)

HB 552 imposes a 5-cent-per-mile-per-ton excise tax on carbon capture and storage (CCS) pipelines operating in Louisiana, directly affecting pipeline operators who must report quarterly mileage and CO2 tonnage transported. Revenue collected will be distributed quarterly to parishes based on pipeline activity within each parish, with the state treasurer allocating funds proportionally. Parishes receiving these funds must spend them exclusively on projects within three miles of the pipelines, such as infrastructure improvements, environmental restoration, or public safety enhancements related to pipeline impacts. The tax applies to all CCS pipelines in the state and becomes effective July 1, 2025.