A bill for an act imposing a tax on the transportation of liquefied carbon dioxide through pipelines, and providing for penalties.

Summary

The bill creates a state tax on any pipeline company that transports liquefied carbon dioxide within or through Iowa. It charges $2.50 per metric ton, but only $1 per metric ton when the CO₂ is used for enhanced oil recovery. The revenue is deposited into the taxpayer relief fund and the Department of Revenue handles enforcement and penalties.

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