Together Louisiana Reins In Backdoor Corporate Subsidies

Tax Subsidies, Industrial Tax Exemption Program, 'Together Louisiana'

Together Louisiana Reins In Backdoor Corporate Subsidies

Tuesday, February 21, 2017
Advocate & More

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.

Unsatisfied with the explanation that the 2016 reforms were not to touch applications already in the works, 100 faith and community leaders of Together Louisiana organized a press conference before the Board of Commerce and Industry’s meeting and then sat in on the meeting itself — demonstrating a rare presence of citizen oversight of a committee that distributed $4.9 billion in tax exemptions last year....