Associated PressNewsState

New changes proposed to Louisiana property tax break program

BATON ROUGE, La. (AP) — Gov. John Bel Edwards is again seeking to make changes to a decades-old property tax break for industrial manufacturers.
The Advocate reports that the proposal released Wednesday would return the Industrial Tax Exemption Program to a 10-year break from paying local property taxes. That’s the way it had been for decades until changes made by the Edwards administration.

Under the latest proposal, instead of a complete forgiveness of property taxes, however, companies would be able to get a tax break covering 80 percent of the taxes they otherwise would owe. Companies would have to pay the remaining 20 percent of the assessed values.

The proposals have to go through a regulatory process, which allows for public input, before the Board of Commerce and Industry votes on the governor’s recommended changes.

Content Sponsored By:
Glennas Pest Control 728×90
May Marketing 728×90
Alto Landscaping 728×90
Citizen’s National Bank 728×90
Bayou State Roofing 728×90
Greenstar Insulation 728×90
BizProSBC
LA Home Center 728×90
Swoop 728×90
Alto Landscaping 728×90
RGM Marketing 728×90
Diamond Realty 728×90
Pel-State Leaderboard 728×90
OneChiro 728×90
May Marketing 728×90
RSHV – 728×90 Banner
Glennas Pest Control 728×90

Tyler Moody

After spending the last few years in television and radio, Tyler Moody comes to REALShreveport.com to head the sports’ department. An Elysian Fields, Texas and Shreveport native, Tyler has followed sports in the area his entire life. From a young age, his love for pure competition grew year after year. “Moody” attended high school in Shreveport at the athletic powerhouse that is Evangel Christian Academy. He was a starting pitcher and garnered multiple all-state accolades along with a 2009 state championship as an Eagle. He has taken the knowledge gained on the field and applied it to his career in sports. An avid fantasy sports player, Moody has become the go-to guy for fantasy talk and advice in the Ark-La-Tex. Now, he hopes to continue to grow REALShreveport.com into Shreveport’s go-to for area sports.

Related Articles

Loading...
Back to top button
Close
Close