HB602

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.