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

SF 2069 imposes a tax on pipeline companies transporting liquefied carbon dioxide (CO2) through or within Iowa. It charges $2.50 per metric ton for general transport and $1.00 per metric ton when CO2 is used for enhanced oil recovery (an oil extraction technique). Pipeline companies must file annual returns by March 31 detailing transported volumes and EOR usage, with revenues deposited into the taxpayer relief fund. The bill includes penalties for late filings or inaccurate returns, administered by the Iowa Department of Revenue.