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Louisiana Natural Resource Severance Taxes Act, Amendment 2 (2006)

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Louisiana Constitution
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Louisiana Amendment 2 (General), also known as the Natural Resource Severance Taxes Act, was on the November 7, 2006 election ballot in Louisiana as a legislatively-referred constitutional amendment, where it was approved.[1]

Election results

Amendment 2, General
Approveda Yes 496,880 59%

Text of measure

The language that appeared on the ballot:

To increase the maximum amount of the severance tax imposed and collected by the state on natural resources, other than sulphur, lignite, and timber, which is remitted to the parish governing authority where the severance occurs from seven hundred fifty thousand dollars to eight hundred fifty thousand dollars effective July 1, 2007, and provides that this maximum amount be increased to reflect the increase in the Consumer Price Index beginning July 1, 2008.

(Amends Article VII, Section 4(D))

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