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Louisiana Sees $25 Million Oil Tax Boost
Louisiana Revenue Collector Joe Traigle projects an extra 25 million dollars in oil severance tax revenue over six months as oil prices rise to 5.25 dollars per barrel. The price increase, approved by the Cost of Living Council, ties tax receipts to oil value, benefiting the state treasury and reflecting support for the percentage of value tax formula.
MENTIONED IN THIS ARTICLE
Baton Rouge, la
Cost of Living Council
Louisiana
Joe Traigle
Traigle
Traigle l