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Pages tagged "ITEP"


Together Louisiana Defends State Constitution, Kills Tax Giveaway Bill

Posted on News by West / Southwest IAF · June 02, 2017 3:21 PM

When petrochemical companies operating in rural Louisiana attempted to directly negotiate an industrial tax discount with the local parish (county), the effort ran up against the Louisiana Constitution. The local tax assessor sued and the state courts ruled that the agreement violated the Constitution. Developers then crafted House Bill 444, a constitutional amendment that would legalize direct negotiations with local governments. The amendment would allow corporations to work around Industrial Tax Exemption Program reforms recently won by Together Louisiana.

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Together LA Blocks Tax Exemptions, Wins Sunshine Provision

Posted on News by West / Southwest IAF · February 21, 2017 11:38 AM

Eight months after their victory in reforming the state Industrial Tax Exemption Program (ITEP), leaders of Together Louisiana noticed that industrial tax exemptions spiked 441% in its last year (2016), with the majority of tax exemptions granted after the reforms passed. They additionally noticed that the Commerce and Industry Board reversed the wording of the measure to undermine the reform that would have limited exemptions to proposals that had secured the approval of the local municipalities sacrificing the revenue.

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Together Louisiana Codifies Tax Exemption Rule Changes

Posted on News by West / Southwest IAF · October 28, 2016 10:40 AM
Thanks to consistent pressure from Together Louisiana and allies, industrial tax exemption reforms were codified into state rules.

Says Together Baton Rouge (part of the Together Louisiana network): "These reforms haven't gone far enough yet, but what has changed already on Louisiana's biggest corporate subsidy program is historic.

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Together Louisiana Wins Battle for Tax Exemption Accountability

Posted on News by West / Southwest IAF · September 12, 2016 12:28 PM

Before a packed house of leaders from Together Louisiana, and after eight intense rounds of public testimony, the Louisiana Board of Commerce and Industry voted to defer all renewal applications for industrial tax exemptions, including an application for property tax breaks by Koch Industries which would have cost (disaster-declared) East Baton Rouge Parish $1.9 million in revenue.

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Together Louisiana Reforms State Industrial Tax Exemptions

Posted on News by West / Southwest IAF · June 27, 2016 10:53 AM
Baton Rouge, LA - With seventy 'Together Louisiana' leaders in attendance, Governor John Bel Edwards issued an Executive Order overhauling the nation's largest state program of corporate subsidies, the Industrial Tax Exemption Program (ITEP).

Reforms include requirements that impacted local tax authorities approve the subsidy, including municipal government, school boards and law enforcement; exemptions demonstrate a Return on Investment (ROI) for new jobs or retention of good jobs; and that subsidy applicants sign contractual agreements based on promised investments and local hires.

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Together Louisiana Fights for Reforms to State Tax Exemptions

Posted on News by West / Southwest IAF · June 23, 2016 10:54 AM
One month after 400 'Together Louisiana' leaders secured the commitment of Governor John Bel Edwards to work towards tax fairness, the organization released a groundbreaking study demonstrating that Louisiana's Industrial Tax Exemption Program (ITEP) amounts to giveaways of over $1.6 Billion per year. In response to the organization's call on Governor Edwards to use his constitutional authority to reform the program, the Governor's office has announced there will be an executive order.

Study findings show that over the last 10 years, $16.7 billion in local tax revenue has been redirected to subsidize heavy manufacturing, amounting to over $535 thousand per job reportedly created. Louisiana's top 5 environmental polluters, according to the EPA, received $506 million in taxpayer subsidies. Even British Petroleum (BP) received $9.4 million in state subsidies during and after the Deepwater Horizon spill. Louisiana is the only state in the country with a board that gives away local tax revenue, without approval from the local governments losing the money.

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