Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:31 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
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,600
Points:2,153,465
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.
Profile Pic
tomok
Champion Author Portland

Posts:43,003
Points:2,889,110
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!
Profile Pic
iFueler
Champion Author Durham

Posts:74,618
Points:718,775
Joined:Nov 2012
Message Posted: Dec 5, 2012 11:05:04 PM

horizontal drilling is now commonplace
Profile Pic
VikingWoman
Champion Author Washington

Posts:3,794
Points:781,545
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.
Profile Pic
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.
Profile Pic
bvrbill
Champion Author Eugene

Posts:6,898
Points:1,061,675
Joined:Jul 2011
Message Posted: Dec 5, 2012 8:55:29 PM

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

Posts:12,485
Points:2,156,825
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?
Profile Pic
southrob
Champion Author Tucson

Posts:5,921
Points:1,199,275
Joined:Mar 2011
Message Posted: Dec 5, 2012 8:50:53 PM

we need to drill
Profile Pic
BoerneWatch
Champion Author San Antonio

Posts:18,075
Points:2,997,765
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.
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,557
Points:2,239,385
Joined:Apr 2005
Message Posted: Dec 5, 2012 8:50:28 PM

Horizontal drilling on the horizon
Profile Pic
Gassed01
Champion Author Toronto

Posts:8,632
Points:2,326,200
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.
Profile Pic
silverfox63
Champion Author Michigan

Posts:10,304
Points:2,103,950
Joined:Oct 2008
Message Posted: Dec 5, 2012 8:49:11 PM

Makes no sense at all.
Profile Pic
bhb2009
Veteran Author Flint

Posts:294
Points:1,201,080
Joined:Jul 2009
Message Posted: Dec 5, 2012 8:46:13 PM

jobs or robs
Profile Pic
bobdec
Champion Author Miami

Posts:11,196
Points:2,285,820
Joined:May 2008
Message Posted: Dec 5, 2012 8:37:47 PM

Not good
Profile Pic
Prodaddy
Champion Author Houston

Posts:10,752
Points:2,434,020
Joined:May 2007
Message Posted: Dec 5, 2012 8:36:45 PM

This is crazy
Profile Pic
goldrose1
Champion Author Cleveland

Posts:13,349
Points:2,444,820
Joined:Feb 2005
Message Posted: Dec 5, 2012 8:35:10 PM

hmmm that.
Profile Pic
Piggy1959
Champion Author Fort Worth

Posts:1,054
Points:414,250
Joined:Aug 2012
Message Posted: Dec 5, 2012 8:31:17 PM

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

Posts:5,878
Points:2,417,585
Joined:May 2006
Message Posted: Dec 5, 2012 8:30:44 PM

Good for them.
Profile Pic
MINIWINI598
Champion Author Washington

Posts:5,759
Points:1,062,300
Joined:Dec 2011
Message Posted: Dec 5, 2012 8:29:02 PM

interesting...
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,297
Points:2,109,465
Joined:Nov 2008
Message Posted: Dec 5, 2012 8:27:46 PM

Interesting, i think
Profile Pic
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:408,800
Joined:Sep 2012
Message Posted: Dec 5, 2012 8:27:08 PM

K
Profile Pic
Spankster85
Champion Author Chicago

Posts:3,355
Points:860,660
Joined:Nov 2011
Message Posted: Dec 5, 2012 8:25:37 PM

What a joke.
Profile Pic
bearzz
Champion Author California

Posts:3,798
Points:945,275
Joined:Mar 2011
Message Posted: Dec 5, 2012 8:25:33 PM

Meh . . .
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,134
Points:508,935
Joined:Dec 2011
Message Posted: Dec 5, 2012 8:25:21 PM

hmmm
Profile Pic
ramshot412
Champion Author Riverside

Posts:22,379
Points:2,960,955
Joined:Apr 2004
Message Posted: Dec 5, 2012 8:22:03 PM

whatever
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:6,848
Points:1,256,930
Joined:Apr 2008
Message Posted: Dec 5, 2012 8:22:01 PM

Booo
Profile Pic
BREW9
Champion Author Tampa

Posts:3,282
Points:3,455,435
Joined:Jun 2004
Message Posted: Dec 5, 2012 8:20:44 PM

ok
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,340,815
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.
Profile Pic
jimmy544
Champion Author Boston

Posts:6,920
Points:1,144,405
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.
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:11,204
Points:2,384,280
Joined:Aug 2005
Message Posted: Dec 5, 2012 8:16:22 PM

OK
Profile Pic
FortVancouver01
Champion Author Washington

Posts:1,634
Points:720,570
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.

Profile Pic
crmedic
Champion Author Arkansas

Posts:5,465
Points:633,820
Joined:Jul 2011
Message Posted: Dec 5, 2012 8:14:23 PM

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

Posts:5,085
Points:1,345,460
Joined:Oct 2006
Message Posted: Dec 5, 2012 8:11:06 PM

Hmmm...
Profile Pic
dasimon
All-Star Author Florida

Posts:556
Points:585,050
Joined:Mar 2011
Message Posted: Dec 5, 2012 8:10:40 PM

Ok
Profile Pic
Lukus
Champion Author Halifax

Posts:10,555
Points:2,199,585
Joined:Nov 2007
Message Posted: Dec 5, 2012 8:09:33 PM

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

Posts:10,907
Points:2,165,905
Joined:Jan 2007
Message Posted: Dec 5, 2012 8:08:38 PM

ok
Profile Pic
OOXXFF
Champion Author Greensboro

Posts:5,425
Points:1,618,055
Joined:Sep 2009
Message Posted: Dec 5, 2012 8:04:04 PM

More welfare for big rich oil.
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,426
Points:1,352,100
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
Profile Pic
MadTraveler
Champion Author Idaho

Posts:2,082
Points:575,400
Joined:Nov 2009
Message Posted: Dec 5, 2012 7:57:09 PM

No
Profile Pic
SteveSeattle
All-Star Author Seattle

Posts:564
Points:184,060
Joined:Apr 2007
Message Posted: Dec 5, 2012 7:54:50 PM

ok.
Profile Pic
weenerdog
Champion Author Detroit

Posts:10,604
Points:2,353,085
Joined:Jan 2008
Message Posted: Dec 5, 2012 7:52:47 PM

exempt consumers from taxes too
Profile Pic
Blue48
Champion Author Illinois

Posts:9,733
Points:2,182,420
Joined:Feb 2007
Message Posted: Dec 5, 2012 7:51:19 PM

OK!
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:4,037
Points:952,635
Joined:Mar 2012
Message Posted: Dec 5, 2012 7:50:54 PM

I agree with AKmailman

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

Posts:3,882
Points:974,365
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.
Profile Pic
camel1
Champion Author Minnesota

Posts:10,636
Points:2,798,890
Joined:Jul 2006
Message Posted: Dec 5, 2012 7:48:18 PM

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

Posts:6,294
Points:1,651,130
Joined:Nov 2004
Message Posted: Dec 5, 2012 7:45:32 PM

Whatever it takes.
Profile Pic
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.
Profile Pic
hcivic
Champion Author Virginia

Posts:6,252
Points:2,805,580
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.
Profile Pic
lolobond
All-Star Author New Orleans

Posts:879
Points:1,034,810
Joined:Dec 2010
Message Posted: Dec 5, 2012 7:39:45 PM

Another one.
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,263
Points:1,238,105
Joined:May 2010
Message Posted: Dec 5, 2012 7:36:41 PM

Doesn't Big Oil get enough tax breaks?
Post a reply Back to Topics