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 an operator whose well qualifies for a severance tax suspension on new
horizontal or deep wells from earning interest on refunds for overpayment of severance
tax if the refund is paid no later than the 180th day following the day a properly filed
refund is submitted to the Dept. of Revenue.
Proposed law prohibits an operator whose well qualifies for a severance tax suspension on new
horizontal wells or deep wells from earning interest on refunds for overpayment of severance
taxes if the refund is processed and paid by the Dept. of Revenue (DOR) no later than the 180th
day following the day a properly filed claim for refund or amended return with supporting
documentation for the new horizontal well or deep well has been submitted to DOR.
Effective if and when House Bill No. 713 of this 2014 R.S. is enacted and becomes effective.
(Adds R.S. 47:1624.1)
Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Ways and Means to the original
bill.
1. Changed the reference in proposed law from a severance tax exemption to a severance
tax suspension.
2. Added requirement that no interest shall be paid if the refund is processed and paid by
DOR no later than the 180th day following the day a properly filed claim for refund or
amended return is submitted to DOR.