HB600 — TAX/SEVERANCE TAX: Reduces the rate of severance tax on oil produced from newly completed wells and provides relative to special rates on oil produced from certain limited-production wells (EN DECREASE GF RV See Note)

HB600 — TAX/SEVERANCE TAX: Reduces the rate of severance tax on oil produced from newly completed wells and provides relative to special rates on oil produced from certain limited-production wells (EN DECREASE GF RV See Note) · Informed CitizenryThis bill amends Louisiana law regarding severance tax rates on oil produced from wells completed on or after July 1, 2025. For these newly completed wells, the tax rate is set at six and one-half…Open in Informed Citizenry