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Severance tax exemption cost La. $1.15 billion

this is a discussion within the NOLA Community Forum; Louisiana?s severance tax suspension for horizontal gas wells cost the state nearly $1.15 billion in fiscal years 2010 through 2014. During that time, higher education and health care suffered massive cuts in state general funding, which means students, families and ...

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Old 08-24-2015, 06:32 PM   #1
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Severance tax exemption cost La. $1.15 billion



Louisiana?s severance tax suspension for horizontal gas wells cost the state nearly $1.15 billion in fiscal years 2010 through 2014. During that time, higher education and health care suffered massive cuts in state general funding, which means students, families and the poorest citizens of the state suffered so that energy companies could reap larger profits.?
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