Last year, Louisiana gave away more in industrial tax exemptions from local property taxes than ever before in state history, despite Governor Edwards attempts to reform the program.
With the state struggling to fill a $304 million deficit for 2016, the State approved $6.4 BILLION in exemptions, by far the largest amount ever granted in one year (including during any year of the Jindal administration).
These are exemptions from local school districts, sheriffs' departments, fire districts and other LOCAL tax revenue, despite having no input from local officials.
THIS TUESDAY, the State Board of Commerce and Industry is considering a proposed rule change to actually WEAKEN a new provision for input from local taxing bodies, to make it so that silence from a local entity about an exemption will be interpreted by the board to indicate support for the exemption (at the average of the rate that other local taxing entities approve).
For the health and future of this state, we need to stop this gravy train.
RSVP below to attend a press conference on Tuesday at 8:45am, followed by attendance at the Commerce and Industry Board meeting.
617 N 3rd St
Baton Rouge, LA 70802
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