HB495 — TAX/SEVERANCE TAX: Limits the severance tax exemption for gas produced from certain horizontally drilled wells (EN +$8,600,000 GF RV See Note)

HB495 — TAX/SEVERANCE TAX: Limits the severance tax exemption for gas produced from certain horizontally drilled wells (EN +$8,600,000 GF RV See Note) · Informed CitizenryThis bill amends Louisiana Revised Statutes 47:633(7)(d) to limit the severance tax exemption for gas produced from horizontally drilled wells. Under the new law, the exemption for gas from wells c…Open in Informed Citizenry