HB491 — TAX CREDITS: Establishes a tax credit for costs of developing carbon sequestration wells where carbon sequestration is subsequently prohibited by local ordinance (OR SEE FISC NOTE GF EX)

HB491 — TAX CREDITS: Establishes a tax credit for costs of developing carbon sequestration wells where carbon sequestration is subsequently prohibited by local ordinance (OR SEE FISC NOTE GF EX) · Informed CitizenryHB 491 establishes a new income tax credit under R.S. 47:6003 for taxpayers who incur eligible costs developing carbon sequestration wells but are prevented from completing a Class VI well due to a…Open in Informed Citizenry