TAX/SEVERANCE TAX: (Constitutional Amendment) Provides relative to severance tax revenues remitted to parishes in which the associated severance occurs (OR1 SEE FISC NOTE GF RV)

HB 156 proposes a constitutional amendment to change how Louisiana distributes severance taxes from natural resource extraction (like oil and gas) to local parishes. It would remove the current $850,000 annual cap on payments to parishes where resources are extracted, instead requiring 20% of those taxes to be remitted directly to the parish government. Future payments would automatically increase each July based on the Consumer Price Index to adjust for inflation. This bill directly affects parishes with resource production, potentially increasing their funding from extraction activities, and requires voter approval by November 2026 for implementation starting July 2027.