ENERGY: Creates an injection tax for carbon dioxide sequestration (OR SEE FISC NOTE SG RV)

HB 444 imposes a $3 per metric ton tax on carbon dioxide injected into underground storage wells (Class VI) for geologic sequestration. It directly affects companies operating CO2 storage facilities, requiring them to report monthly injection volumes to the Department of Revenue and pay the tax electronically. Revenue collected flows directly to the parishes where storage occurs - allocated based on surface area above the storage site - and can be used for any local purpose. The bill establishes clear reporting requirements, certification processes, and revenue distribution without specifying how parishes must spend the funds.