Bill Title: Amends the Illinois Hydraulic Fracturing Tax Act. Provides that 80% of the moneys received under the Act on or after the effective date of the amendatory Act shall be paid into the Pension Stabilization Fund and 20% of those moneys shall be paid into the Carbon Dioxide Pipeline Fund. Amends the State Finance Act to create the Carbon Dioxide Pipeline Fund. Provides that moneys in the Fund shall be used by the Illinois Commerce Commission to supervise and regulate the operations of the carbon dioxide pipeline industry in Illinois. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2025-02-04 - Assigned to Revenue & Finance Committee [HB0051 Detail]

Text: Latest bill text (Introduced) [HTML]

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