ENERGY/CONSERVATION: Requests the House Committee on Natural Resources and Environment to study sources of revenue for local government from carbon dioxide storage
Maddy summaryThis bill directs the House Committee on Natural Resources and Environment to investigate how local governments in Louisiana could earn money from carbon dioxide storage projects. The study will examine various revenue models, such as taxes on injected carbon or fees for permits, to help fund local services like roads and schools without raising other taxes. The committee is tasked with analyzing the value of these projects, collection methods, and appropriate rates before reporting its findings to the full House in early 2025. This request for information aims to address concerns about funding local infrastructure while ensuring the carbon storage industry can continue to grow.
Introduced May 10, 2024
0 co-sponsors