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)]
HB 518 Original 2025 Regular Session Geymann
Abstract: Provides relative to rates, computation, and administration of severance tax on natural
resources.
Present law provides for the levy of a tax, known as severance tax, on natural resources severed from
the soil or water. Provides that the rate of the severance tax is predicated on the quantity or value
of the products or resources severed. Proposed law retains and makes technical corrections in
present law.
Present law establishes rates of severance tax that apply to the various natural resources that are
subject to the tax. Proposed law retains and makes technical corrections in present law.
Present law authorizes special severance tax rates and exemptions from severance tax for oil and gas.
Provides for conditions and requirements relative to these special rates and exemptions. Proposed
law retains and makes technical corrections in present law.
Present law provides relative to severance tax administration. Proposed law retains and makes
technical corrections in present law.
(Amends R.S. 47:633)