Louisiana Department of Revenue Targets Energy Companies in Rash of Oil Severance Tax Audits
The Energy Law
JULY 21, 2016
The oil and gas industry has a significant and far reaching economic impact in Louisiana. According to one 2014 study, the total direct and indirect impact on the state is approximately $73.8 billion. [1] Taxes make up a large part of the industry’s direct economic impact in Louisiana: In 2013, the industry paid nearly $1.5 billion in taxes to the State, about 14.6% of the total taxes, licenses and fees collected that year. [2] A large chunk of the taxes paid by oil and gas companies are severa
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