HOME / Louisian tax exemption on drilling rigs

Louisian tax exemption on drilling rigs

Louisiana Laws

§305.1. Exclusions and exemptions; ships and ships'' supplies A. The tax imposed by taxing authorities shall not apply to sales of materials, equipment, and machinery which enter into

Louisiana Property Tax Exemption for Drilling Rigs

The Louisiana Property Tax Exemption for Drilling Rigs, Ballot Measure 8 was on the ballot in Louisiana on October 4, 2003, as a legislatively referred constitutional amendment. It was

Revenue Information Bulletin No. 07-016 May 22, 2007 Sales

The transactions related to repairs of drilling rigs discussed in the above statute became exempt from both state and local sales tax effective July 1, 2002, as provided by Act 31 of the 2002

Business Reporting (Personal Property)

Louisiana law requires that all businesses report to our office all moveable assets that are used to operate their business. Each year the East Baton Rouge Parish Assessor''s office mails the

Oil and Natural Gas Severance Tax Relief Program

The exemptions allow for a suspension of severance taxes on qualified oil and natural gas wells. The Department of Natural Resource''s (DNR''s) Office of Conservation certifies wells that are

La. Sheriff Can''t Appeal Rig Co.''s Tax Refund, Board Says

3 days ago· A sheriff in Louisiana doesn''t have legal authority to challenge a refund of property taxes that the state tax commission awarded to a drilling company, the Louisiana Board of Tax

Louisiana Revised Statutes § 47:47:305

For the purposes of this Subsection, "drilling rig" means any unit or structure, along with its component parts, which is used primarily for drilling, workover, intervention or remediation of

Ships and Ships'' Supplies

Ships and Ships'' Supplies - Sales Tax Statutes and RegulationsA. R.S. 47:305.1 specifically provides for an ex- emption from the sales tax imposed by R.S. 47:302 (A), R.S. 47:321 (A),

Coastal Drilling Company v. Dufrene :: 2016 :: Louisiana

The Louisiana Department of Revenue promulgated LAC 61:I:4403 (A) and (B) (2) to clarify that certain reconstruction projects fell within the scope of the statutory exemption. The lower

Louisiana Revised Statutes § 47:47:305

RS 47:305 - Exclusions and exemptions from the tax A. (1) The gross proceeds derived from the sale in this state of livestock, poultry, and other farm products direct from the farm are

Were any additional changes made to sales and use exemptions

Yes. Act 384 of the 2025 Regular Session reinstates certain exemptions that were repealed during the 2024 Third Extraordinary Session. The following exemptions were

Baker Donelson

Unless specifically designated or defined in the statute as taxable, sales of services are exempt from Louisiana sales tax. Oil and gas services that constitute repairs to tangible personal

Are Manufacturing and Machinery taxable in Louisiana?

While Louisiana''s sales tax generally applies to most transactions, certain items have special treatment in many states when it comes to sales taxes. This page describes the taxability of

Do I have to get an exemption certificate on all my

The documentation required depends on the sales transaction and the purchaser. All transactions exempt from sales tax must be properly documented.

HLS 03-826 ENGROSSED Regular Session, 2003 HOUSE

Proposing to add Article VII, Section 21(J) of the Constitution of Louisiana, 3 relative to ad valorem property tax exemptions; to exempt drilling rigs 4 used exclusively for the exploration and

Louisiana Revised Statutes § 47:47:305

§305. Exclusions and exemptions from the tax A. (1) The gross proceeds derived from the sale in this state of livestock, poultry, and other farm products direct from the farm are exempted from

HLS 03-826 ORIGINAL Regular Session, 2003 HOUSE BILL

Proposing to add Article VII, Section 21(J) of the Constitution of Louisiana, 3 relative to ad valorem property tax exemptions; to exempt drilling rigs 4 used exclusively for the exploration and

Louisiana Revised Statutes § 47:47:305.1

The exemption from the state sales tax provided in this Section shall be applicable to any sales tax levied by a local governmental subdivision or school board.

Louisiana Permits, Production, Wells & Operators

Louisiana oil & gas operators, recent drilling permits, producing wells, and well production information. DrillingEdge provides drilling permits, well completion information, and production

Lawmakers push to restructure severance tax

The horizontal well exemption, introduced to incentivize high-cost horizontal drilling, has been a longstanding feature of Louisiana''s severance tax policy. The proposed change

For questions about this form, Rent for Re-Rent of Certain

This declares that the lessee named above maintains a sales tax account (or is registered) with the Louisiana Department of Revenue and is engaged in the business of leasing and renting

Forms | Ascension Parish Assessor

Forms These forms may be freely copied, reproduced, forwarded, and distributed for personal and official purposes provided you copy, reproduce, forward and distribute each in its entirety and

Forms

Forms These forms may be freely copied, reproduced, forwarded, and distributed for personal and official purposes provided you copy, reproduce, forward and distribute each in its entirety and

HLS 03-826 REENGROSSED Regular Session, 2003

Proposing to add Article VII, Section 21(J) of the Constitution of Louisiana, 3 relative to ad valorem property tax exemptions; to exempt drilling rigs 4 used exclusively for the exploration and

Louisiana Laws

For purposes of this Subsection, "component parts" means any machinery or equipment necessary for a drilling rig to perform its exclusive function of exploration or development of

Mining Drilling Rigs Inc.