Together BR Questions Efficacy of Industrial Tax Exemptions
One year after wresting control of industrial tax breaks away from a statewide board and into the hands of the local government entities affected by them, Together Baton Rouge released a report detailing how 2017 tax breaks impacted one community: East Baton Rouge. According to the report, the tax exemption cost local schools, sheriff, government, parks, libraries, fire and health departments $139 Million, just in 2017.
Read moreTogether Louisiana Defends State Constitution, Kills Tax Giveaway Bill
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.
Read moreTogether LA Blocks Tax Exemptions, Wins Sunshine Provision
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.
Read moreTogether Louisiana Codifies Tax Exemption Rule Changes
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.
Read moreTogether Louisiana Wins Battle for Tax Exemption Accountability
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.
Read moreTogether Louisiana Reforms State Industrial Tax Exemptions
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.
Read moreTogether Louisiana Fights for Reforms to State Tax Exemptions
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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