House Bill No. proposes a constitutional amendment to increase the maximum annual amount of severance tax revenues that can be remitted to parishes where severance or production occurs. The bill amends Article VII, Section 4(D)(3) of the Louisiana Constitution, establishing a new schedule for the maximum remittances: $3 million for Fiscal Year 2026-2027, $6 million for 2027-2028, $9 million for 2028-2029, $12 million for 2029-2030, and $15 million for 2030-2031 and thereafter. Additionally, starting July 1, 2032, this maximum amount will be adjusted annually based on the average increase in the Consumer Price Index. The bill also repeals Article VII, Section 4(D)(4), which previously required increases in remittances under certain conditions.

The proposed amendment is set to take effect on January 1, 2027, and will be submitted to voters for approval during the statewide election on November 3, 2026. The current law limits the maximum remittance to $850,000, which is subject to inflation adjustments, but the new amendment aims to significantly increase this cap over the next five years, thereby providing greater financial resources to the parishes impacted by natural resource severance.