Jay Adams, a partner in the Tax Practice Group in the New Orleans Office, was quoted in the Bloomberg Tax article “Voters Weigh Taxes on the Rich, Oil Drillers, Office Space,” outlining potential tax changes in different states based on election results from November 3, 2020. The article mentions a passed amendment in Louisiana that permits the presence or production of oil to be considered when assessing the fair market value of a well to calculate ad valorem property taxes. Jay explains that currently fields with different production capacities are often taxed the same amount and that the amendment would create a more predictable system for property valuation.