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DATE OF REPORT: September 21, 2009
JURISDICTION: United States - Louisiana
TYPE OF INCENTIVE: 2.b.iv – Other tax incentives
CITATION: SB 10
STATUS: Enacted
TIME FRAME Start: July 1, 2009
TIME FRAME End:
DESCRIPTION:
SB 10 exempts sales and use tax on the purchase of anthropogenic carbon dioxide used for enhanced oil and gas recovery projects. The bill also halves the severance tax on fuel recovered using carbon dioxide. The state's severance-tax rate is generally 12.5 percent of the value of the commodity.
EXPERIENCE:
LINKS AND CONTACTS: http://www.legis.state.la.us/billdata/streamdocument.asp?did=668885