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BILL NAME

AUTHOR

PROGRESS

SB 141: (CA) Reallocates Severance Tax to Parishes for Parish Transportation Funds

Highlights

Proposed constitutional amendment removes the FY 2008-09 collections trigger and changes the maximum amount of severance tax on natural resources, other than sulphur, lignite, and timber, that is remitted to the parish governing authority where the severance occurs from $850,000 ($1.06million in FY 2019-20 after CPI adjustment) to $2,850,000 beginning July 1, 2021. Further requires that 100% of the excess severance tax remitted to a parish in a fiscal year be used only within the parish for the same purposes as money received from the Parish Transportation Fund. The term"excess severance tax" shall mean the amount of severance tax remitted to a parish in excess of the amount of severance tax remitted to the parish for FY 2019-20.

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For more information on this bill or to learn more about its author, visit the Legislature’s page here.

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