Downs urges support of Amendment No. 2
I strongly urge your support of Constitution Amendment No. 2.
It is not a tax increase!
Its passage will change how the state and local parishes share the revenue collected from oil and gas severance tax.
Under present law, the state and local parish split the oil and gas severance tax with the state getting 80 percent and the local parish, where the severance is produced, getting 20 percent until the parish receives $850,000. After that, the state gets 100 percent of the excess.