Louisiana Statutes
§ 47:648.3 — Severance tax suspension on production from certified new discovery oil and
Louisiana § 47:648.3
JurisdictionLouisiana
Title 47Revenue and Taxation
This text of Louisiana § 47:648.3 (Severance tax suspension on production from certified new discovery oil and) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 47:648.3 (2026).
Text
§648.3. Severance tax suspension on production from certified new discovery oil and
natural gas wells
All severance taxes on production from certified new discovery oil and natural gas
wells are hereby suspended from the date of completion for a period of twenty-four months
or until recovery of payout of the well cost, whichever comes first. Payout of the well cost
shall be determined by the Department of Conservation and Energy.
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Legislative History
Acts 1994, No. 2, §2, eff. June 1, 1994; Acts 2023, No. 150, §18, eff. Jan. 10, 2024.
Nearby Sections
7
§ 47:648.1
§ 47:648.1§ 47:648.11
§ 47:648.11§ 47:648.2
Definitions§ 47:648.21
§ 47:648.21§ 47:648.4
Limitation on exemption§ 47:648.5
REPEALED BY ACTS 1992, NO. 984, §18Cite This Page — Counsel Stack
Bluebook (online)
Louisiana § 47:648.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/47%3A648.3.