ENERGY: Requires carbon dioxide storage facility operators pay twenty-five percent of their gross tax credit amount to the landowners of the area of operations

Summary

The bill requires operators of carbon‑dioxide storage facilities to pay one‑quarter of the gross 45Q tax credit they earn to the owners of the land used for storage. Payments are divided based on each owner’s share of the total surface acreage contributed to the facility. The measure aims to share the financial benefits of carbon‑sequestration projects with landowners.

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