The state collects no severance from production in federal waters in the Gulf which start three miles from the Louisiana coast line. Natural resources are minerals, other natural deposits, rock salt and salt content in brine, and all forms of timber, including pulp woods, and turpentine and other forest products.
Severance tax is paid by the owners of the natural resources at the time of severance.
Only revenue from minerals such as oil, gas, natural gasoline, distillate, condensate, casinghead gas, sulphur, salt, coal, lignite, and ores is considered in this chapter. The following plot, Figure 11, shows historical fiscal year mineral severance tax revenue year mineral severance tax revenue by source and estimates of future severance tax revenue. Further historical severance tax data is provided in Appendix F . The total severance tax revenue estimates are dependent on oil and gas production volumes and their market values. The oil and gas production volumes and prices used to estimate the severance revenue were forecasted by the DNR Technology Assessment Division models.