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passed · Louisiana · House May 25, 2020

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)

Received in the Senate; read by title Rules suspended. Read second time by title and referred to the Committee on Revenue and Fiscal Affairs.
Phillip DeVillier (R) · 33 co-sponsors
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