House Bill 1439 Passes Unanimously
An EOR bill, the top legislative priority for the Lignite Energy Council, passed off the House floor on a vote of 92-0 this week. House Bill 1439 is a proposed tax incentive for using lignite-based carbon dioxide for enhanced oil recovery. The bill provides a critical mechanism that is necessary to overcome the economic and technological challenges that are unique to capturing and deploying CO2 from coal-based power plants to the oil field.
The bill now heads to the Senate where it will receive a committee hearing and a floor vote, which will likely happen after the crossover date for bills on February 22, 2019.