Louisiana 2024 3rd Special Session

Louisiana House Bill HB24

Introduced
11/11/24  
Refer
11/12/24  
Report Pass
11/13/24  
Engrossed
11/14/24  
Report Pass
11/18/24  
Enrolled
11/21/24  
Chaptered
12/4/24  

Caption

Provides for the leasing of state property for energy-related purposes (Item #17) (EN +$38,175 SD RV See Note)

Impact

If enacted, HB 24 would significantly impact state laws concerning the leasing and regulation of energy-related activities on state property. The increase in fees and stricter regulations about the size of the area that can be leased (limited to mineral leases only) suggests a shift towards more controlled and financially rewarding operations for the state. Importantly, the specification of payments as taxes aligns state practices with federal tax regulations, likely reducing the administrative burden associated with lease payment collections and associated revenue distributions.

Summary

House Bill 24 aims to amend and reenact various provisions related to the leasing of state property for energy-related purposes in Louisiana. The bill clarifies the powers and authority of the State Mineral and Energy Board, enabling them to lease state lands, including water bodies, for the development and production of both traditional and alternative energy sources. Additionally, it introduces changes to fee structures, increasing costs for applications and transfers of leases, and modifies how payments under these leases are classified for federal taxation purposes, treating them as taxes rather than rent.

Sentiment

The sentiment around HB 24 appears generally supportive among parties invested in energy production, particularly from Louisiana's mineral extraction sectors. Proponents argue that streamlining the leasing process and clarifying the board’s authority will facilitate increased investment in energy exploration and development, which is expected to advance the state's economic interests. However, there might be some concerns raised by environmentalists and community groups regarding the implications of expanded energy production on public lands and local ecosystems.

Contention

Notable points of contention surrounding HB 24 include potential concerns about the environmental impacts of increased energy production and leasing on state property. While supporters aim for economic benefits, critics, including environmental advocacy groups, may argue that this bill could accelerate the degradation of natural resources or lead to insufficient oversight regarding environmental safeguards. Additionally, the increase in lease application fees could be seen as a barrier to entry for smaller firms, fostering a competitive environment favoring larger corporations in the energy sector.

Companion Bills

No companion bills found.

Previously Filed As

LA SB103

Renames the Department of Natural Resources. (1/10/24) (EN SEE FISC NOTE GF EX)

LA HB305

Provides relative to the disposition of funds derived from alternative energy production in the coastal area (EN SEE FISC NOTE SD RV See Note)

LA HB571

Provides relative to carbon capture and sequestration (EN SEE FISC NOTE LF RV)

LA HB934

Provides for the dedication of revenue from carbon dioxide sequestration on state lands and water bottoms (EN SEE FISC NOTE SD RV See Note)

LA HB116

Provides relative to the disposition of funds derived from alternative energy production in the coastal area (EG SEE FISC NOTE GF RV See Note)

LA HB518

Provides for establishment of substantial nexus for purposes of income tax administration (OR SEE FISC NOTE GF RV)

LA SB228

Provides relative to marijuana for therapeutic use. (gov sig) (EN SEE FISC NOTE SD RV)

LA SB154

Provides for renewable energy leases. (gov sig)

LA HB810

Provides for the organization, duties, and responsibilities of the Dept. of Energy and Natural Resources (EN SEE FISC NOTE GF EX)

LA HB871

Provides for procedures for the collection of delinquent ad valorem taxes and statutory impositions, tax auctions, tax auction certificates, and the redemption of certain property (RE SEE FISC NOTE LF RV See Note)

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