La. Revenue and Taxation § 47:648.1
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 1-3, 6-671
It is the public policy of the state to promote economic growth and to revitalize and stimulate an economic sector which is in decline due to world markets and trends. The legislature hereby acts to encourage new discovery wells in the oil and gas sector, a mainstay of Louisiana's historic economic base, which has been in decline for the last decade.
La. Revenue and Taxation § 47:648.1