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Two Baton Rouge-area legislators on Monday announced plans to file a bill returning full authority for the state’s industrial property tax exemption program to the state.
In a joint statement, State Sen. Bodi White and State Rep. Franklin Foil, both Republicans, reference a recent decision by the East Baton Rouge Parish School Board to reject two tax break applications by ExxonMobil.
Decision - EBR - School - Board - ITEP
"The decision by EBR School Board to remove ITEP incentives from ExxonMobil is one of the most short-[sighted] actions I have ever seen from an elected body," White says in the prepared statement. "ExxonMobil employs nearly 7,000 people locally and pours hundreds of millions of dollars into our economy every year. We have to take action."
"For Louisiana to continue to grow and compete we have to show consistency and give business and industry the confidence that we’re not going to keep changing the rules" Foil says. "The impact this could have on our city, parish, and state could be catastrophic unless we take immediate action."
Decades - State - Board - Exemptions - Property
For decades, a state board awarded exemptions from local property taxes to owners of manufacturing projects with no input from local officials. Gov. John Bel Edwards, a Democrat, gave local tax collectors a say in the process.
Asked last week about the East Baton Rouge Parish school board’s decision to reject ExxonMobil’s ITEP applications, Gov. Edwards said he wouldn’t necessarily have made the same decision but reiterated his belief...
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