News / Article

Local say-so stays for Louisiana’s industrial tax break

Source: nola.com - May 24, 2019

The state House on Monday (May 20) fell three votes short of approving legislation backed by Louisiana’s business lobby to lessen local government decision-making authority over a lucrative property tax break for manufacturers.

The House voted 50-44 for the bill, but it required 53 votes to pass.

Republican Rep. Rick Edmonds had proposed to rework the rules for the 80-year-old Industrial Tax Exemption Program, which gives approved manufacturing facilities exemptions from paying local property taxes for up to 10 years.

Category: General Business