The new tweaks of the state’s Industrial Tax Exemption Program center around the role local governments play in handling the tax break, which exempts manufacturing companies from paying property taxes that would otherwise go to local budgets.The system works.
For months, including during a heated reelection campaign last fall, Edwards has alluded to “process changes” his administration plans to make to the Industrial Tax Exemption Program.
Matthew Block, the governor’s general counsel, said in an interview those changes include an effort to prevent local governments from instituting blanket bans on exemptions for projects that are already completed or under construction. That has been a goal of business groups that have sought changes to the program since Edwards overhauled it in 2016.
Monday, January 27, 2020
So long and thanks for all the ITEP
You sure did a fine job turning out in record numbers to very narrowly save the Governor's bacon in November, New Orleans. As a reward you get.... your local authority to tax rich people taken away.
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