The state is lowering the severance tax from 6% to 1.3% on horizontal wells spudded between 2013 and June 2018.
“This is making history in Mississippi,” says Lisa Ivshin, supervisor with the state’s oil and gas board. The tax break is good for 30 months, or until the payout of the well occurs.
The tax break means Mississippi trying to lure drilling dollars to the state.
Patrick
