Bill Text: LA HB506 | 2020 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: 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)
Spectrum: Partisan Bill (Republican 34-0)
Status: (Engrossed - Dead) 2020-05-25 - Received in the Senate; read by title Rules suspended. Read second time by title and referred to the Committee on Revenue and Fiscal Affairs. [HB506 Detail]
Download: Louisiana-2020-HB506-Introduced.pdf
Bill Title: 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)
Spectrum: Partisan Bill (Republican 34-0)
Status: (Engrossed - Dead) 2020-05-25 - Received in the Senate; read by title Rules suspended. Read second time by title and referred to the Committee on Revenue and Fiscal Affairs. [HB506 Detail]
Download: Louisiana-2020-HB506-Introduced.pdf
