Louisiana - HB461 - 2017

To amend and reenact R.S. 47:633(7)(c)(iv)(introductory paragraph), relative to state severance taxes on oil and gas; to provide with respect to incentives relating to inactive and orphan wells; to provide for eligibility and the extent of tax exemptions; to provide for requirements and limitations; and to provide for related matters.

View Latest Bill

Natural Gas Development

Added On: 04-30-2017
Updated On: 07-05-2017
Status: Introduced
Primary Sponsor: Stuart J. Bishop (House/Republican)

Actions (6)

  • 03-31-2017 - Under the rules, provisionally referred to the Committee on Ways and Means.
  • 03-31-2017 - Prefiled.
  • 04-10-2017 - Read by title, under the rules, referred to the Committee on Ways and Means.
  • 05-15-2017 - Reported with amendments (17-0).
  • 05-16-2017 - Read by title, amended, ordered engrossed, passed to 3rd reading.
  • 05-18-2017 - Scheduled for floor debate on 05/23/17.

Sponsors (16)

News (2)

Bill would cut taxes for fossil fuel producers reviving dormant wells - New Orleans CityBusiness (blog)
Published by neworleanscitybusiness.com
Tue, 23 May 2017 15:54:36 GMT

Oil and gas producers are supporting a bill in the state Legislature that would provide a tax incentive to reactivate wells made dormant by the three-year downturn in prices, saying it will help revive production, bring in tax revenue and stem the ...

BRIGGS: A Step To Reignite Louisiana's Oil And Gas Industry - The Hayride
Published by thehayride.com
Thu, 29 Jun 2017 18:02:22 GMT

The Chairman of the House Natural Resources and Environment Committee, Representative Stuart Bishop (R- Lafayette), filed House Bill 461 at the request of the Louisiana Oil and Gas Association (LOGA). ... The incentive reduces the severance tax for 10 ...