Louisiana HB 506: TAX/SEVERANCE TAX: Reduces the severance tax rate for oil over a certain period of time, clarifies the severance tax rate for oil produced from certain incapable wells, and authorizes the reduction of the severance tax rate on natural gas (RE DECREASE GF RV See Note)

Status: Received in the Senate; read by title Rules suspended. Read second time by title and referred to the Committee on Revenue and Fiscal Affairs. (as of 2020-05-25)

State: Louisiana · Session: 2020 · Bill: HB 506

Sponsors: Phillip DeVillier, Alan Seabaugh, Barbara Reich Freiberg, Barry Ivey, Beau Beaullieu, Beryl Amedee, Blake Miguez, Bryan Fontenot, Danny McCormick, Daryl Deshotel, Dodie Horton, Foy Gadberry, Gabe Firment, Jack McFarland, Jean-Paul Coussan, Jonathan Goudeau, Julie Emerson, Lance Harris, Larry Bagley, Larry Frieman, Les Farnum, Mark Wright, Michael Echols, Paula Davis, R. Dewith Carrier

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