The Louisiana Department of Revenue has published Revenue Information Bulletin No. 10-014 concerning the resumption on July 1, 2010, of collection of the oil spill contingency fee imposed by R.S. 30:2485-2486. This fee is imposed on owners of crude oil at the time that the crude oil is transferred to or from a vessel at a marine terminal in the State of Louisiana.
The Oil Spill Prevention and Response Act, La. R.S. 30:2451 et seq., provides for a per barrel oil spill contingency fee on crude oil at the time that it is transferred to or from a vessel at a marine terminal within the state. Collection of the fee has been suspended since January 1, 2008.
The Department of Revenue received notice from the State Treasurer certifying that conditions exist to resume collection of the fee. Therefore, collection of the oil spill contingency fee will resume July 1, 2010, at the rate of two cents per barrel. Returns must be filed quarterly on or before the last day of the month following the calendar quarter to which the fee applies. The first return, covering the third quarter of 2010, will be due by October 31, 2010.