House Bill No. by Representative Mack proposes the enactment of a new subpart in the Louisiana Revised Statutes, specifically R.S. 33:2740.101, which authorizes parish governing authorities to levy a tax on carbon dioxide injected for geologic sequestration by Class VI injection wells located within their jurisdiction. The bill outlines that the tax must be established through an ordinance that details the tax rate, collection procedures, and other administrative requirements, including necessary reporting on injection rates and storage capacity. Additionally, the ordinance may impose penalties for late payments.

The bill also clarifies that the owner or operator of the Class VI injection well, who holds the necessary permit from the office of conservation for carbon dioxide injection, will be responsible for the payment of this tax. This legislation aims to provide parishes with a new revenue source while regulating the geologic sequestration of carbon dioxide within their boundaries.