ENERGY: Requires carbon dioxide storage facility operators pay twenty-five percent of their gross tax credit amount to the landowners of the area of operations

HB 879 requires carbon dioxide storage facility operators in Louisiana to pay 25% of their federal tax credits (earned under Section 45Q of the U.S. tax code) to landowners whose property hosts the storage operations. Payments must be distributed based on each landowner’s proportion of the total surface acreage contributed to the facility. This directly affects landowners who lease their land for carbon storage projects and operators managing these facilities. The bill mandates this allocation without creating new tax incentives, focusing solely on redirecting existing federal credits to landowners.