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LA HB506
Bill
Status
Engrossed
5/25/2020
Primary Sponsor
Phillip DeVillier
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AI Summary
Legislative Description
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)
TAX/SEVERANCE TAX
Last Action
Received in the Senate; read by title Rules suspended. Read second time by title and referred to the Committee on Revenue and Fiscal Affairs.
5/25/2020
Committee Referrals
Revenue & Fiscal Affairs5/25/2020
Appropriations5/15/2020
Ways and Means2/28/2020
Full Bill Text
No bill text available