Illinois2026Active
HB0051
HB0051: Creating a Fund for Carbon Dioxide Pipelines
Last scannedAug 24, 2026, 10:00 AM
In one sentence
This bill creates the Carbon Dioxide Pipeline Fund and directs 20% of money from the Hydraulic Fracturing Tax Act to it, while sending the remaining 80% to the Pension Stabilization Fund.
What it does
- Creates a special account called the Carbon Dioxide Pipeline Fund in the State treasury.
- Requires that 20% of money collected from the Hydraulic Fracturing Tax Act go into this new fund on or after the effective date.
- Directs the remaining 80% of those tax collections into the Pension Stabilization Fund.
- Allows the Illinois Commerce Commission to use the new fund's money to supervise and regulate carbon dioxide pipeline operations in Illinois.
Who it affects
- The Illinois Commerce Commission, which will manage the funds for regulation.
- Companies operating in the carbon dioxide pipeline industry in Illinois.
- Entities paying taxes under the Hydraulic Fracturing Tax Act.
Limits and unknowns
- The bill does not state how much money is currently collected under the Hydraulic Fracturing Tax Act.
- The text refers to a definition in another law for what counts as a 'carbon dioxide pipeline' but does not list that definition here.
Plain language
Terms to know
- Carbon Dioxide Pipeline Fund
- A new special account created to hold money for regulating carbon dioxide pipelines.
- Hydraulic Fracturing Tax Act
- The existing law that collects taxes, some of which will now go to the new pipeline fund and some to the Pension Stabilization Fund.
Official record
Sources
Official summary
FINANCE-CO2 PIPELINE