La. R.S. 47:648.3 — Severance tax suspension on production from certified new discovery oil and

natural gas wells
All severance taxes on production from certified new discovery oil and natural gas
wells are hereby suspended from the date of completion for a period of twenty-four months
or until recovery of payout of the well cost, whichever comes first. Payout of the well cost
shall be determined by the Department of Conservation and Energy.