+1 State Revising Severance Taxes post-COVID

Where: Louisiana

What is Louisiana’s current severance tax? 12.5%

Supports say the benefits of cutting the severance tax are:

• Louisiana citizens to continue receiving paychecks and benefits
• Jobs will be retained in the industry
• federal government and state will have additional leeway to prioritize our resources
•  send a message to investors that Louisiana’s business climate was more welcoming

The Advocate | Severance tax changes might help industry survive, supporters say