Loading chat...
LA HB156
Bill
Status
2/13/2026
Primary Sponsor
Lawrence Bagley
Click for details
AI Summary
-
Removes the $850,000 cap on severance tax revenues that can be remitted to parishes where natural resource extraction occurs, allowing parishes to receive the full one-fifth share regardless of dollar amount
-
Repeals the Consumer Price Index adjustment mechanism that has increased the maximum parish remittance annually since 2008
-
Applies to severance taxes on natural resources other than sulphur, lignite, or timber
-
Requires voter approval at the November 3, 2026 statewide election as a constitutional amendment
-
Effective date of July 1, 2027 if approved by voters
Legislative Description
(Constitutional Amendment) Provides relative to severance tax revenues remitted to parishes in which the associated severance occurs (OR -$42,100,000 GF RV See Note)
TAX/SEVERANCE TAX
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
3/9/2026