Changes local sales and use tax exemptions for commercial fishermen and certain seafood processing facilities from optional to mandatory (EN DECREASE LF RV See Note)
Reduces the severance tax rate for oil over a certain period of time and fixes the severance tax rate for oil produced from certain wells at the current rate (EG DECREASE GF RV See Note)
Requires extension of the deadline to pay local sales taxes when the deadline for payment of the tax falls on certain holidays (EN SEE FISC NOTE LF RV See Note)
Provides relative to conveying by the La. Tax Commission of ad valorem tax assessment information it receives from local assessors (EN +$20,000 GF EX See Note)