HLS 21RS-2757 ORIGINAL
2021 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 98
BY REPRESENTATIVE BEAULLIEU AND SENATOR HENRY
ENERGY/OIL & GAS: Expresses the legislature's opposition to a disproportionate increase
in the taxation of oil and gas industries
1 A CONCURRENT RESOL UTION
2To express the opposition of the Louisiana Legislature to disproportionately increasing the
3 tax burden on natural gas, oil, and fuel industries.
4 WHEREAS, the natural gas, oil, and fuel industries contribute significantly to jobs
5in Louisiana communities and to the development of state of the art emissions reduction
6technologies; and
7 WHEREAS, these industries support nearly eleven million jobs across the country,
8power the nation's economy, and generate billions in revenue for federal and state
9governments in rents, royalties, and corporate and income tax payments, including fourteen
10billion dollars for state treasuries through severance taxes in 2019 alone; and
11 WHEREAS, these industries support more than 249,800 jobs in Louisiana and
12account for more than fourteen and a half billion dollars in wages in the state; and
13 WHEREAS, these industries contribute seventy-three billion dollars in gross
14domestic product for the state; and
15 WHEREAS, these industries contributed four and a half billion dollars in direct
16revenues for Louisiana in 2019, and Louisiana relies on those revenues to fund schools,
17infrastructure, and other critical social services; and
18 WHEREAS, direct industry jobs pay seven times the federal minimum wage and
19seventy percent higher than the national average wage; and
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HCR NO. 98
1 WHEREAS, every direct job in natural gas, oil, and fuel industries support an
2additional 2.7 jobs in affiliated industries, from lodging to restaurants in proximity to these
3industries' operations; and
4 WHEREAS, these industries' investments in this country have led to a fifteen percent
5decrease in household energy costs over the last decade, while costs for food, education, and
6healthcare have skyrocketed; and
7 WHEREAS, those cheaper energy costs are crucial to working families in our
8communities and across the country; and
9 WHEREAS, the natural gas, oil, and fuel industries should not be prevented from
10recovering costs that other industries are eligible for simply because they operate in a
11different economic sector; and
12 WHEREAS, the United States tax code allows industries across the manufacturing
13sector to recover costs related to job creation and other operational investments; and
14 WHEREAS, these common tax mechanisms allow natural gas, oil, and fuel industries
15to create jobs and offset the intangible costs of drilling; invest in our communities; fund
16critical education, infrastructure, and social service programs; and deliver the energy that
17working families rely on every day.
18 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
19express its opposition to singling out these natural gas, oil, and fuels industries by
20disproportionately increasing the tax burden on them and the constituents of this state.
21 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
22president of the United States, each member of the president's cabinet, each member of the
23Louisiana congressional delegation, and to the members of the capitol press corps.
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)]
HCR 98 Original 2021 Regular Session Beaullieu
Expresses the opposition of the La. Legislature to disproportionately increasing the tax
burden on natural gas, oil, and fuel industries.
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