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LA HB602
Bill
Status
2/26/2026
Primary Sponsor
Dennis Bamburg
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AI Summary
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Amends Louisiana Constitution to increase the maximum annual severance tax revenue remitted to parishes where mineral production occurs from the current $850,000 (inflation-adjusted to $1,327,391 in FY 2024-2025) to $15 million by FY 2030-2031
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Phases in the increase over five years: $3 million (FY 2026-2027), $6 million (FY 2027-2028), $9 million (FY 2028-2029), $12 million (FY 2029-2030), and $15 million (FY 2030-2031 and thereafter)
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Annual Consumer Price Index adjustments to the maximum amount will resume beginning July 1, 2032
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Repeals existing constitutional provisions (Article VII, Section 4(D)(4)) that provided for conditional increases tied to severance tax forecasts exceeding FY 2008-2009 collections
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Requires voter approval at the November 3, 2026 statewide election, with an effective date of January 1, 2027
Legislative Description
(Constitutional Amendment) Increases the maximum annual amount of severance tax revenues that may be remitted to parishes in which the associated severance occurs (OR -$9,760,000 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