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Committee rejects removing pipeline property‑tax exemption for CO2 transport after amendment debate
Summary
Senate Bill 2,320 — which would remove a property‑tax exemption for CO2 interstate pipelines used for secure geological storage — drew technical debate and an amendment to preserve exemptions for CO2 used in enhanced oil or gas recovery; the committee adopted a do‑not‑pass recommendation after the discussion.
Senate Bill 2,320, a proposal to eliminate a current property tax exemption for interstate CO2 pipelines used to transport carbon for secure geological storage, generated extended committee debate about incentives, long‑range storage capacity and stages of development for CO2 infrastructure.
Proponents of the exemption’s removal argued the state should not provide an untargeted tax break for permanent CO2 sequestration that consumes pore space without immediate local economic benefit. Senator Wallen offered an amendment (as requested by Senator…
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