Bill
Bill > HB1295
ND HB1295
ND HB1295The carbon dioxide pipeline exemption, payments in lieu of taxes for certain carbon dioxide pipeline property, and the carbon dioxide capture and injection sales tax exemption; and to provide an effective date.
summary
Introduced
01/13/2025
01/13/2025
In Committee
02/13/2025
02/13/2025
Crossed Over
Passed
Dead
05/03/2025
05/03/2025
Introduced Session
69th Legislative Assembly
Bill Summary
A BILL for an Act to amend and reenact subsection 3 of section 54-35-26 and sections 57-40.2-03.3 and 57-60-06 of the North Dakota Century Code, relating to the evaluation of economic development tax incentives, the carbon dioxide capture and injection use tax exemption, and the ad valorem property tax exemption for carbon dioxide capture equipment used for enhanced oil recovery and secure geologic storage; to repeal sections 57-06-17.1, 57-06-17.2, and 57-39.2-04.14 of the North Dakota Century Code, relating to the carbon dioxide pipeline exemption, payments in lieu of taxes for certain carbon dioxide pipeline property, and the carbon dioxide capture and injection sales tax exemption; and to provide an effective date.
AI Summary
This bill makes several changes to North Dakota's tax laws related to economic development incentives and carbon dioxide-related infrastructure. The bill modifies the legislative management's interim committee responsibilities for analyzing economic development tax incentives by removing the sales and use tax exemption for carbon dioxide compression, gathering, and transportation from the list of incentives subject to review. It also adjusts use tax exemptions for contractors, specifically eliminating the tax exemption for materials used in carbon dioxide compression and transportation for enhanced oil recovery. Additionally, the bill changes property tax classifications for coal conversion facilities and carbon dioxide capture systems, maintaining their exemption from ad valorem taxes but removing specific references to carbon dioxide pipeline exemptions. The legislation repeals several existing sections of North Dakota law related to carbon dioxide pipeline tax exemptions and creates different effective dates for various provisions, with some changes taking effect after June 30, 2025, and others after December 31, 2024. The overall intent appears to be streamlining tax incentives and exemptions related to carbon dioxide infrastructure and energy development.
Committee Categories
Budget and Finance
Sponsors (9)
Matt Heilman (R)*,
Daniel Johnston (R)*,
Jim Kasper (R)*,
Roger Maki (R)*,
Dennis Nehring (R)*,
SuAnn Olson (R)*,
Nathan Toman (R)*,
Mark Enget (R),
Jeff Magrum (R),
Last Action
Second reading, failed to pass, yeas 24 nays 60 (on 02/14/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1295.html |
| BillText | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0948-01000.pdf |
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