LOUISIANA TO CONSIDER OIL AND GAS PROCESSING TAX

A bill seeking to levy a processing tax on oil, gas, and refined products has been introduced in the Louisiana Senate. As proposed, Senate Bill 3 would generate about $850 million/year of tax revenue. But it would extract about $300 million/year from Louisiana consumers in higher energy and transportation costs, critics of the proposal say.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home