TAX/SEVERANCE TAX: (Constitutional Amendment) Increases the maximum annual amount of severance tax revenues that may be remitted to parishes in which the associated severance occurs (OR SEE FISC NOTE GF RV)

This bill proposes a constitutional amendment to increase the maximum annual amount of severance tax revenues Louisiana parishes receive from mineral extraction. Starting July 2027, the cap begins at $3 million per parish, rising to $15 million annually by 2031, with future increases tied to the Consumer Price Index. It repeals an existing constitutional provision requiring higher payments under specific conditions. The amendment requires voter approval in the November 2026 election to take effect January 1, 2027.