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State Senate votes down bill to take away tax break for pipeline companies

Summary by KX NEWS

BISMARCK, ND (KXNET) — On Thursday, state lawmakers voted down an idea that was seeking to take away a tax break for carbon dioxide pipeline companies. Senator Jeff Magrum proposed Senate Bill 2320, which was seeking to remove interstate pipeline companies which transport carbon dioxide. Right now, the law gives a company a tax break during pipeline construction and for the first ten years that it's in operation. Ultimately, senators killed the …

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Iowa Capital Dispatch

Bill to kill carbon pipeline property tax exemption in North Dakota fails • Iowa Capital Dispatch

North Dakota state Sen. Jeffery Magrum, R-Hazelton, speaks on the Senate floor during the organizational session on Dec. 4, 2024. (Photo by Michael Achterling/North Dakota Monitor)A bill that would have required carbon dioxide pipeline developer Summit Carbon Solutions to pay property taxes in the first 10 years of operation in North Dakota failed Thursday in the state Senate. Sen. Jeff Magrum, R-Hazelton, sponsored Senate Bill 2320 that would h…

1 month ago

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KVRR Local News

Bill to kill carbon pipeline property tax exemption in North Dakota fails

BISMARCK, N.D. (North Dakota Monitor) — A bill that would have required carbon dioxide pipeline developer Summit Carbon Solutions to pay property taxes in the first 10 years of operation in North Dakota failed Thursday in the state Senate. Sen. Jeff Magrum, R-Hazelton, sponsored Senate Bill 2320 that would have removed a tax exemption for interstate carbon dioxide pipelines such as the Summit project. North Dakota law requires the state to reimb…

1 month ago·North Dakota, United States

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