Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:52 AM

GasBuddy News Article

42
votes
Chamber backs horizontal tax exemption

Acadiana Business -- The state of Louisiana allows for the suspension of severance taxes due on production from horizontal and deep wells through a two-year tax exemption or until payout of qualified costs, whichever comes first, and the Greater Lafayette Chamber of Commerce announced Wednesday that it supports keeping the incentive in place.

In the mid-1990s the state Legislature approved a severance tax exemption for horizontal drilling in an effort to incentivise the use of that new technology. Proponents of the exemption stress that it provides economic incentives to drill capital-intensive oil and natural gas wells and to continue production from marginal wells. ..the incentive has resulted in a significant economic impact to the state of Louisiana, including the creation of more than 60,000 jobs that ha


Read the Full Article

Submitted Dec 05, 2012 By: DellDude2
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Chamber backs horizontal tax exemption Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,027
Points:2,384,665
Joined:Nov 2008
Message Posted: Dec 8, 2012 5:34:44 AM

we know the Pig Oil has politicians in the back pocket. Esp. in a state as heavily invested in oil as Louisiana.
tomok
Champion Author Portland

Posts:46,197
Points:3,120,310
Joined:Aug 2006
Message Posted: Dec 6, 2012 5:26:30 AM

Chamber backs horizontal tax exemption, whatever works the best to have more jobs for the state because there will be NO help from Sneekys administration. Just make sure the companies involved pay their fair share of taxes, etc.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
iFueler
Champion Author Durham

Posts:76,310
Points:949,400
Joined:Nov 2012
Message Posted: Dec 6, 2012 2:05:04 AM

horizontal drilling is now commonplace
VikingWoman
Champion Author Washington

Posts:4,545
Points:995,255
Joined:May 2012
Message Posted: Dec 6, 2012 1:22:41 AM

I'm sure Louisiana needs more sinkholes and it appears these incentives will ensure drillers won't be responsible when property is swallowed up.
melvindale
Champion Author Michigan

Posts:1,438
Points:351,230
Joined:Jun 2011
Message Posted: Dec 6, 2012 12:02:08 AM

Since the exemption was to get drillers to use the techniques, the exemption should be over with, as horizontal drilling is now used as much as it ever will and no tax increase will stop its use.
bvrbill
Champion Author Eugene

Posts:8,162
Points:1,292,955
Joined:Jul 2011
Message Posted: Dec 5, 2012 11:55:29 PM

Every community needs to do what is right.
jrsva
Champion Author Virginia

Posts:13,335
Points:2,387,800
Joined:Jan 2006
Message Posted: Dec 5, 2012 11:55:22 PM


Horizontal tax exemption? Does that mean your income is exempt if you lie down on the job?
southrob
Champion Author Tucson

Posts:6,067
Points:1,383,520
Joined:Mar 2011
Message Posted: Dec 5, 2012 11:50:53 PM

we need to drill
BoerneWatch
Champion Author San Antonio

Posts:18,941
Points:3,228,740
Joined:Oct 2005
Message Posted: Dec 5, 2012 11:50:48 PM

It would be nice if they did that in Texas but with the boom going on Texas is raking in the taxes.
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,444,910
Joined:Apr 2005
Message Posted: Dec 5, 2012 11:50:28 PM

Horizontal drilling on the horizon
Gassed01
Champion Author Toronto

Posts:9,444
Points:2,556,125
Joined:Jan 2006
Message Posted: Dec 5, 2012 11:50:01 PM

Jobs, but at tax payer expense. Governments everywhere. STOP THROWING OUR MONEY TO THE WIND! Let businesses stand on their own, make it easier to run businesses from a tax and paperwork perspective.
silverfox63
Champion Author Michigan

Posts:11,131
Points:2,335,110
Joined:Oct 2008
Message Posted: Dec 5, 2012 11:49:11 PM

Makes no sense at all.
bhb2009
Veteran Author Flint

Posts:294
Points:1,380,780
Joined:Jul 2009
Message Posted: Dec 5, 2012 11:46:13 PM

jobs or robs
bobdec
Champion Author Miami

Posts:11,997
Points:2,508,995
Joined:May 2008
Message Posted: Dec 5, 2012 11:37:47 PM

Not good
Prodaddy
Champion Author Houston

Posts:11,547
Points:2,659,095
Joined:May 2007
Message Posted: Dec 5, 2012 11:36:45 PM

This is crazy
goldrose1
Champion Author Cleveland

Posts:14,170
Points:2,666,185
Joined:Feb 2005
Message Posted: Dec 5, 2012 11:35:10 PM

hmmm that.
Piggy1959
Champion Author Fort Worth

Posts:1,313
Points:603,905
Joined:Aug 2012
Message Posted: Dec 5, 2012 11:31:17 PM

I'm still not ready to move to Louisiana.
PrettyLittleLady
Champion Author Modesto

Posts:6,173
Points:2,618,860
Joined:May 2006
Message Posted: Dec 5, 2012 11:30:44 PM

Good for them.
MINIWINI598
Champion Author Washington

Posts:6,757
Points:1,293,500
Joined:Dec 2011
Message Posted: Dec 5, 2012 11:29:02 PM

interesting...
abcdMA
Champion Author Worcester

Posts:11,107
Points:2,337,215
Joined:Nov 2008
Message Posted: Dec 5, 2012 11:27:46 PM

Interesting, i think
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:408,800
Joined:Sep 2012
Message Posted: Dec 5, 2012 11:27:08 PM

K
Spankster85
Champion Author Chicago

Posts:3,355
Points:1,048,660
Joined:Nov 2011
Message Posted: Dec 5, 2012 11:25:37 PM

What a joke.
bearzz
Champion Author California

Posts:4,595
Points:1,169,175
Joined:Mar 2011
Message Posted: Dec 5, 2012 11:25:33 PM

Meh . . .
nwsynthetics
Champion Author Oregon

Posts:1,143
Points:582,665
Joined:Dec 2011
Message Posted: Dec 5, 2012 11:25:21 PM

hmmm
ramshot412
Champion Author Riverside

Posts:23,209
Points:3,184,560
Joined:Apr 2004
Message Posted: Dec 5, 2012 11:22:03 PM

whatever
KhelbenArunson
Champion Author Michigan

Posts:7,499
Points:1,467,510
Joined:Apr 2008
Message Posted: Dec 5, 2012 11:22:01 PM

Booo
BREW9
Champion Author Tampa

Posts:4,102
Points:3,686,660
Joined:Jun 2004
Message Posted: Dec 5, 2012 11:20:44 PM

ok
suzmar
Champion Author Texas

Posts:3,497
Points:1,445,015
Joined:Jun 2006
Message Posted: Dec 5, 2012 11:19:10 PM

It makes sense to incentivize industries that create jobs and boost the economy.
jimmy544
Champion Author Boston

Posts:7,737
Points:1,370,205
Joined:Feb 2011
Message Posted: Dec 5, 2012 11:16:54 PM

The chamber of commerce hates all taxes and never met a subsidy they didn't like.
WIPACKERFAN
Champion Author Chicago

Posts:12,024
Points:2,615,280
Joined:Aug 2005
Message Posted: Dec 5, 2012 11:16:22 PM

OK
FortVancouver01
Champion Author Washington

Posts:1,980
Points:929,580
Joined:Jul 2012
Message Posted: Dec 5, 2012 11:15:45 PM


No surprise since the Chamber has become the lobby arm for the industry.

crmedic
Champion Author Arkansas

Posts:6,273
Points:805,375
Joined:Jul 2011
Message Posted: Dec 5, 2012 11:14:23 PM

Works for me if it will lower my fuel prices!
wayoung56
Champion Author Alabama

Posts:5,896
Points:1,575,210
Joined:Oct 2006
Message Posted: Dec 5, 2012 11:11:06 PM

Hmmm...
dasimon
All-Star Author Florida

Posts:556
Points:590,850
Joined:Mar 2011
Message Posted: Dec 5, 2012 11:10:40 PM

Ok
Lukus
Champion Author Halifax

Posts:11,359
Points:2,426,090
Joined:Nov 2007
Message Posted: Dec 5, 2012 11:09:33 PM

Oil and gas companies already are getting enough subsidies.
biza4u
Champion Author New Haven

Posts:11,727
Points:2,397,085
Joined:Jan 2007
Message Posted: Dec 5, 2012 11:08:38 PM

ok
OOXXFF
Champion Author Greensboro

Posts:6,238
Points:1,846,970
Joined:Sep 2009
Message Posted: Dec 5, 2012 11:04:04 PM

More welfare for big rich oil.
mcmonsta
Champion Author Honolulu

Posts:6,169
Points:1,580,545
Joined:Sep 2009
Message Posted: Dec 5, 2012 10:59:54 PM

why give more away...it benefits the business that is probalbly making a ton of cash already
MadTraveler
Champion Author Idaho

Posts:2,082
Points:575,400
Joined:Nov 2009
Message Posted: Dec 5, 2012 10:57:09 PM

No
SteveSeattle
All-Star Author Seattle

Posts:565
Points:192,580
Joined:Apr 2007
Message Posted: Dec 5, 2012 10:54:50 PM

ok.
weenerdog
Champion Author Detroit

Posts:10,686
Points:2,556,700
Joined:Jan 2008
Message Posted: Dec 5, 2012 10:52:47 PM

exempt consumers from taxes too
Blue48
Champion Author Illinois

Posts:10,556
Points:2,413,520
Joined:Feb 2007
Message Posted: Dec 5, 2012 10:51:19 PM

OK!
WIWalt
Champion Author Wisconsin

Posts:4,856
Points:1,183,370
Joined:Mar 2012
Message Posted: Dec 5, 2012 10:50:54 PM

I agree with AKmailman

How about a tax exemption for drivers ?
jorod55
Champion Author California

Posts:4,711
Points:1,205,505
Joined:Dec 2011
Message Posted: Dec 5, 2012 10:49:24 PM

If they want a tax break then they should be forced to give us a pump break.
camel1
Champion Author Minnesota

Posts:11,453
Points:3,027,865
Joined:Jul 2006
Message Posted: Dec 5, 2012 10:48:18 PM

do taxpayers really need to subsidize the oil industry?
walkingtall
Champion Author Toronto

Posts:7,073
Points:1,880,665
Joined:Nov 2004
Message Posted: Dec 5, 2012 10:45:32 PM

Whatever it takes.
Bearworld
Rookie Author Dallas

Posts:77
Points:182,700
Joined:Aug 2012
Message Posted: Dec 5, 2012 10:45:07 PM

Less money from them and more money from us that seem really fair.
hcivic
Champion Author Virginia

Posts:7,056
Points:3,033,290
Joined:Aug 2005
Message Posted: Dec 5, 2012 10:40:55 PM

Big business should have someone reading the responses on this site. Maybe, just maybe, then they would have a change of heart.
lolobond
All-Star Author New Orleans

Posts:931
Points:1,218,050
Joined:Dec 2010
Message Posted: Dec 5, 2012 10:39:45 PM

Another one.
Tekkersmom57
Champion Author Syracuse

Posts:5,086
Points:1,469,305
Joined:May 2010
Message Posted: Dec 5, 2012 10:36:41 PM

Doesn't Big Oil get enough tax breaks?
Lizzylou
Champion Author Stockton

Posts:8,818
Points:2,357,285
Joined:Oct 2005
Message Posted: Dec 5, 2012 10:34:49 PM

First I have ever heard of this "horizontal tax exemption"!!!
Post a reply Back to Topics