Louisiana HB602 proposes a constitutional amendment to increase the maximum annual severance tax revenues remitted to parishes.
HB602 proposes a constitutional amendment to increase the maximum annual severance tax revenues remitted to parishes in Louisiana. The amendment schedules increases from $3 million in Fiscal Year 2026-2027 to $15 million in Fiscal Year 2030-2031, with further annual adjustments for inflation starting in 2032. The amendment repeals existing provisions that limited the maximum annual amount remitted to parishes and removes a limitation on the expenditure of severance tax revenues by parishes. The amendment will be submitted to voters in the November 3, 2026, statewide election.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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