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Louisiana Hydrocarbon Tax Amendment (2015)

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Not on Ballot
Proposed ballot measures that were not on a ballot
This measure was not put
on an election ballot

The Louisiana Hydrocarbon Tax Amendment was not on the October 24, 2015 ballot in Louisiana as a legislatively referred constitutional amendment. The measure, upon voter approval, would have implemented a four percent tax on the value of hydrocarbons produced at hydrocarbon process facilities in Louisiana. Revenue from the tax would have been allocated to public post-secondary education, early childhood and prekindergarten programs, healthcare, the reduction of the state retirement systems' unfunded accrued liability, the Transportation Trust Fund, and to reduce income tax rates.[1]

Hydrocarbons are chemical compounds containing carbon and hydrogen. They are organic compounds and can be solids, liquids or gases.[2]

Text of measure

Ballot title

The proposed ballot text was:[1]

Do you support an amendment to levy a tax on the use of hydrocarbon processing facilities in Louisiana by the owners of the hydrocarbons processed therein at the rate of 4% of the price or value of the hydrocarbons, to dedicate the proceeds of the tax to public institutions of post secondary education, to the maintenance and improvement of health care, to the funding of an early childhood or prekindergarten program, to the reduction of the state retirement systems' unfunded accrued liability, to the Transportation Trust Fund, and, after the state retirement systems' unfunded accrued liability is eliminated, to reduce the state individual income tax rates, and to repeal the First Use Tax Trust Fund and create the Hydrocarbon Facilities Tax Fund?

(Amends Article VII, Section 4(A), (B), and (C); Adds Article VII, Section 4.1; Repeals Article IX, Section 9)[3]

Path to the ballot

See also: Amending the Louisiana Constitution

The proposed constitutional amendment needed to be approved through a two-thirds vote in both legislative chambers to be placed on the ballot.

See also

External links

Footnotes

  1. 1.0 1.1 Louisiana Legislature, "House Bill 55," accessed March 11, 2015
  2. U.S. Energy Information Administration, “Glossary, H” accessed January 29, 2014
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.