At the conclusion of the 3rd Extraordinary Session of 2024, the Louisiana Legislature passed a series of bills aimed at reforming the Louisiana tax code. The bills were signed into law by Governor Jeff Landry and a constitutional amendment will be on the ballot on March 29, 2025. Some of the highlights include eliminating the

As we approach the year-end, taxpayers should consider the following amendments to regulations made by the Louisiana Department of Revenue earlier this year that go into effect today and on January 1st and the emergency rule regarding the following real and personal property regulations: LAC 61:V.703, 705, 901, 903, 907, 1007, 1103, 1301, 1303

Owners of businesses in Louisiana considering a sale or divestiture of their ownership interests or substantially all of the assets of a business entity domiciled in this state should be advised that during the 2024 Third Extraordinary Session the legislature repealed the net capital gains deduction in its entirety.

Read the full post on the

The National Labor Relations Board (“NLRB”) has been busy recently, reversing 80-year-old precedent concerning captive audience meetings and 40-year-old precedent concerning permissible statements about the impacts of unionization.

Read the full post on the Gulf Coast Business Law Blog here.

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The Offshore Parity Act of 2024 (H.R. 10183), introduced on November 20, 2024, by Congressmen Garret Graves (R-LA) and Troy A. Carter, Sr. (D-LA), looks to extend Louisiana’s state authority from 3 to 9 nautical miles offshore into the Gulf of Mexico.
Continue Reading Casting a Wider Net: Proposed Expansion of Coastal States’ Authority

In 2021, the Biden Administration set a goal of deploying 30 gigawatts (“GW”) of federal offshore wind projects by 2030, and in 2022, the U.S. Department of the Interior (“DOI”) set an additional goal of deploying 15 GW of floating offshore wind by 2035.
Continue Reading U.S. Federal Offshore Wind in 2024: Growth and Growing Pains

In keeping with the Governor’s call for the Legislature’s 2024 Third Extraordinary Session, House Bill No. 25 was introduced on Monday seeking to adjust severance tax rates, eliminate exemptions, and modify administrative procedures and dedications of mineral revenues.

HB 25 initially proposed that severance tax on oil should be determined based on volume at a

This week, a Maryland federal district court amended its prior Biological Opinion (“BiOP”) vacatur judgment, extending the timeline for vacatur from December 20, 2024, to May 21, 2025, which averts for now a potential shutdown of Gulf of Mexico (“GOM”) oil and gas operations.
Continue Reading Potential Shutdown of GOM Oil and Gas Operations Due to BiOp Vacatur Averted – For Now