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Audit: State falls short in severance tax review

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Posted: Dec 2, 2013 11:51 AM
Updated: Dec 2, 2013 12:23 PM
Source: Associated Press

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Topics: department of revenue, revenue, oil, gas, taxes, severance, audit

BATON ROUGE - The Louisiana Department of Revenue hasn't been making sure oil and gas companies pay all their severance taxes, according to a new audit.

Legislative auditor Daryl Purpera says the state could be missing out on millions of dollars it is owed.

Oil and gas severance taxes are among the state's biggest sources of revenue.

The audit says the department stopped an automated program to look for companies not filing severance tax returns.

It says the revenue department does only a limited review to make sure self-reported data is accurate.

The Department of Revenue says they are working on improved tax review software to help collect taxes that are owed.

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