Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:31 PM

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:24,069
Points:2,390,890
Joined:Nov 2008
Message Posted: Dec 8, 2012 2:34:44 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:46,295
Points:3,126,535
Joined:Aug 2006
Message Posted: Dec 6, 2012 2:26:30 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:76,360
Points:955,625
Joined:Nov 2012
Message Posted: Dec 5, 2012 11:05:04 PM

horizontal drilling is now commonplace
VikingWoman
Champion Author Washington

Posts:4,570
Points:1,001,480
Joined:May 2012
Message Posted: Dec 5, 2012 10:22:41 PM

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 5, 2012 9:02:08 PM

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:8,212
Points:1,299,200
Joined:Jul 2011
Message Posted: Dec 5, 2012 8:55:29 PM

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

Posts:13,360
Points:2,395,025
Joined:Jan 2006
Message Posted: Dec 5, 2012 8:55:22 PM


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

Posts:6,072
Points:1,388,845
Joined:Mar 2011
Message Posted: Dec 5, 2012 8:50:53 PM

we need to drill
BoerneWatch
Champion Author San Antonio

Posts:18,966
Points:3,234,965
Joined:Oct 2005
Message Posted: Dec 5, 2012 8:50:48 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:2,449,910
Joined:Apr 2005
Message Posted: Dec 5, 2012 8:50:28 PM

Horizontal drilling on the horizon
Gassed01
Champion Author Toronto

Posts:9,469
Points:2,562,350
Joined:Jan 2006
Message Posted: Dec 5, 2012 8:50:01 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:11,156
Points:2,341,335
Joined:Oct 2008
Message Posted: Dec 5, 2012 8:49:11 PM

Makes no sense at all.
bhb2009
Veteran Author Flint

Posts:294
Points:1,386,380
Joined:Jul 2009
Message Posted: Dec 5, 2012 8:46:13 PM

jobs or robs
bobdec
Champion Author Miami

Posts:12,022
Points:2,515,220
Joined:May 2008
Message Posted: Dec 5, 2012 8:37:47 PM

Not good
Prodaddy
Champion Author Houston

Posts:11,575
Points:2,666,405
Joined:May 2007
Message Posted: Dec 5, 2012 8:36:45 PM

This is crazy
goldrose1
Champion Author Cleveland

Posts:14,191
Points:2,672,105
Joined:Feb 2005
Message Posted: Dec 5, 2012 8:35:10 PM

hmmm that.
Piggy1959
Champion Author Fort Worth

Posts:1,316
Points:608,140
Joined:Aug 2012
Message Posted: Dec 5, 2012 8:31:17 PM

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

Posts:6,178
Points:2,624,185
Joined:May 2006
Message Posted: Dec 5, 2012 8:30:44 PM

Good for them.
MINIWINI598
Champion Author Washington

Posts:6,787
Points:1,299,725
Joined:Dec 2011
Message Posted: Dec 5, 2012 8:29:02 PM

interesting...
abcdMA
Champion Author Worcester

Posts:11,132
Points:2,343,440
Joined:Nov 2008
Message Posted: Dec 5, 2012 8:27:46 PM

Interesting, i think
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:409,000
Joined:Sep 2012
Message Posted: Dec 5, 2012 8:27:08 PM

K
Spankster85
Champion Author Chicago

Posts:3,355
Points:1,053,660
Joined:Nov 2011
Message Posted: Dec 5, 2012 8:25:37 PM

What a joke.
bearzz
Champion Author California

Posts:4,620
Points:1,177,850
Joined:Mar 2011
Message Posted: Dec 5, 2012 8:25:33 PM

Meh . . .
nwsynthetics
Champion Author Oregon

Posts:1,143
Points:584,465
Joined:Dec 2011
Message Posted: Dec 5, 2012 8:25:21 PM

hmmm
ramshot412
Champion Author Riverside

Posts:23,234
Points:3,189,785
Joined:Apr 2004
Message Posted: Dec 5, 2012 8:22:03 PM

whatever
KhelbenArunson
Champion Author Michigan

Posts:7,514
Points:1,473,310
Joined:Apr 2008
Message Posted: Dec 5, 2012 8:22:01 PM

Booo
BREW9
Champion Author Tampa

Posts:4,127
Points:3,692,860
Joined:Jun 2004
Message Posted: Dec 5, 2012 8:20:44 PM

ok
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,515
Joined:Jun 2006
Message Posted: Dec 5, 2012 8:19:10 PM

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

Posts:7,762
Points:1,376,430
Joined:Feb 2011
Message Posted: Dec 5, 2012 8:16:54 PM

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

Posts:12,049
Points:2,621,505
Joined:Aug 2005
Message Posted: Dec 5, 2012 8:16:22 PM

OK
FortVancouver01
Champion Author Washington

Posts:1,990
Points:935,130
Joined:Jul 2012
Message Posted: Dec 5, 2012 8:15:45 PM


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

crmedic
Champion Author Arkansas

Posts:6,323
Points:811,375
Joined:Jul 2011
Message Posted: Dec 5, 2012 8:14:23 PM

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

Posts:5,921
Points:1,581,435
Joined:Oct 2006
Message Posted: Dec 5, 2012 8:11:06 PM

Hmmm...
dasimon
All-Star Author Florida

Posts:556
Points:590,850
Joined:Mar 2011
Message Posted: Dec 5, 2012 8:10:40 PM

Ok
Lukus
Champion Author Halifax

Posts:11,379
Points:2,432,090
Joined:Nov 2007
Message Posted: Dec 5, 2012 8:09:33 PM

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

Posts:11,751
Points:2,403,290
Joined:Jan 2007
Message Posted: Dec 5, 2012 8:08:38 PM

ok
OOXXFF
Champion Author Greensboro

Posts:6,263
Points:1,853,195
Joined:Sep 2009
Message Posted: Dec 5, 2012 8:04:04 PM

More welfare for big rich oil.
mcmonsta
Champion Author Honolulu

Posts:6,193
Points:1,586,750
Joined:Sep 2009
Message Posted: Dec 5, 2012 7:59:54 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 7:57:09 PM

No
SteveSeattle
All-Star Author Seattle

Posts:565
Points:192,580
Joined:Apr 2007
Message Posted: Dec 5, 2012 7:54:50 PM

ok.
weenerdog
Champion Author Detroit

Posts:10,690
Points:2,562,505
Joined:Jan 2008
Message Posted: Dec 5, 2012 7:52:47 PM

exempt consumers from taxes too
Blue48
Champion Author Illinois

Posts:10,581
Points:2,419,745
Joined:Feb 2007
Message Posted: Dec 5, 2012 7:51:19 PM

OK!
WIWalt
Champion Author Wisconsin

Posts:4,881
Points:1,189,595
Joined:Mar 2012
Message Posted: Dec 5, 2012 7:50:54 PM

I agree with AKmailman

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

Posts:4,736
Points:1,211,730
Joined:Dec 2011
Message Posted: Dec 5, 2012 7:49:24 PM

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

Posts:11,478
Points:3,034,090
Joined:Jul 2006
Message Posted: Dec 5, 2012 7:48:18 PM

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

Posts:7,098
Points:1,886,890
Joined:Nov 2004
Message Posted: Dec 5, 2012 7:45:32 PM

Whatever it takes.
Bearworld
Rookie Author Dallas

Posts:77
Points:182,700
Joined:Aug 2012
Message Posted: Dec 5, 2012 7:45:07 PM

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

Posts:7,081
Points:3,039,515
Joined:Aug 2005
Message Posted: Dec 5, 2012 7:40:55 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:1,223,200
Joined:Dec 2010
Message Posted: Dec 5, 2012 7:39:45 PM

Another one.
Tekkersmom57
Champion Author Syracuse

Posts:5,111
Points:1,475,530
Joined:May 2010
Message Posted: Dec 5, 2012 7:36:41 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 7:34:49 PM

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