RIB 12-024: Natural Gas Severance Tax Rate Effective July 1, 2012

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 12-024, which addresses the natural gas severance tax rate effective July 1, 2012.

The natural gas severance tax rate has been set at 14.8 cents per thousand cubic feet (MCF) measured at a base pressure of 15.025 pounds per square inch absolute and at the temperature base of 60 degrees Fahrenheit effective July 1, 2012, through June 30, 2013.

To read the full text of RIB 12-024, visit revenue.louisiana.gov.

RSS feed for comments on this post · TrackBack URL

Leave a Comment