HLS 14RS-1468 ORIGINAL
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2014
HOUSE BILL NO. 712
BY REPRESENTATIVE GREENE
TAX/SEVERANCE TAX: Prohibits the state from paying interest on refunds for the
overpayment of certain severance taxes
AN ACT1
To enact R.S. 47:1624.1, relative to refunds; to provide with respect to the refund of2
overpayment of severance taxes; to prohibit certain taxpayers from earning interest3
on refunds; to provide for effectiveness; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:1624.1 is hereby enacted to read as follows: 6
ยง1624.1. Interest on refunds; severance tax7
Notwithstanding any other provision of law to the contrary, operators who8
qualify for the severance tax exemption pursuant to the provisions of R.S.9
47:633(7)(c)(iii) or (9)(d)(v) for new deep or horizontal wells, shall not be paid10
interest on refunds for the overpayment of severance taxes.11
Section 2. This Act shall take effect and become operative if and when the Act12
which originated as House Bill No. ______ of this 2014 Regular Session of the Legislature13
is enacted and becomes effective.14 HLS 14RS-1468 ORIGINAL
HB NO. 712
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Greene HB No. 712
Abstract: Prohibits operators who qualify for a severance tax exemption on new deep or
horizontal wells from earning interest on refunds for overpayment of severance tax.
Proposed law prohibits operators who qualify for a severance tax exemption on new deep
or horizontal wells from earning interest on refunds for overpayment of severance taxes.
Effective if and when House Bill No. ___ of this 2014 R.S. is enacted and becomes effective.
(Adds R.S. 47:1624.1)