Measure on the ballot in the 2020 Louisiana State Primary and Presidential General Election in Louisiana.
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Get StartedThis measure would authorize the inclusion of the presence or production of oil or gas to be taken into account when assessing the fair market value of an oil or gas well, for property tax purposes.
A "YES" vote on this measure is a vote in support of amending the state constitution to authorize the inclusion of the presence or production of oil or gas to be taken into account when assessing the fair market value of an oil or gas well, for property tax purposes.
A "NO" vote on this measure is a vote in opposition to taking the presence or production of oil or gas into account when assessing the fair market value of an oil or gas well, for property tax purposes.
"Amendment 2 would allow parish tax assessors to consider how productive a well is when determining its value. If it passes, the Louisiana Tax Commission would then start the process of creating rules for how local tax assessors should factor a well's productiveness into its tax assessment.", in support of Proposed Amendment No. 2 (Learn more)
"Although assessors and the oil industry have said this change would not raise taxes, the Legislative Fiscal Office stated that any effect on local tax bases is speculative. Some parishes could receive more in property taxes while others could receive less as a result of this amendment. While the amendment allows a new assessment method, a better solution would be a broader and more fundamental change to create a Constitution that allows the Legislature more flexibility with state fiscal policy.", in opposition to Proposed Amendment No. 2 (Learn more)
Do you support an amendment to permit the presence or production of oil or gas to be included in the methodology used to determine the fair market value of an oil or gas well for the purpose of property assessment? (Amends Article VII, Section 4(B))
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