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Together Louisiana releases new analysis of industrial tax exemptions

In 2016, Louisiana granted $4.9 BILLION in ITEP exemptions — more than ever before

Download: “The Ship is Not Turning: Status update on Governor John Bel Edwards’ effort to reform the Industrial Tax Exemption Program”

Study highlights:

  • From 2000 to 2016, ITEP exemptions were approved at an average of $1.33 billion per year (real depreciated value)
  • Under Governor Jindal, ITEP exemptions were approved at an average rate of $1.58 billion per year.
  • In 2016, $4.9 billion in ITEP exemptions were approved, the highest in state history. The 2016 rate of ITEP approvals was 441% the annual average rate of approvals from 2000 to 2015 ($4.9 billion vs. $1.11 billion) and 665% the rate of approvals in 2008, Gov. Jindal’s first year in office ($4.9 billion vs. $1.11 billion).
  • Most of the exemptions approved in 2016 were approved after the Executive Order went into effect, not before.

 

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BREAKING: Gov. Edwards signs Executive Order overhauling Industrial Tax Exemption Program

Read the story in The Advocate here. Download the executive order here.

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 Together LA releases analysis of Industrial Tax Exemption Program

June 20th, 2016: Read the media release on industrial tax exemption study
Through a program called the Industrial Tax Exemption, a state-level board is redirecting $15.3 billion in property taxes from local governmental entities to subsidize corporations, without the approval of those entities. The program is the single largest program of state subsidies for corporations in the nation.
These are not “incentives,” in any meaningful sense, because the exemptions are automatic and non-discretionary. There is no “return-on-investment” analysis or requirement for job creation. Most subsidies are granted for the routine replacement of machinery, not expansions or the location of a new firm. The public subsidy PER JOB created is $535,343.
In its landmark study, Together Louisiana reveals a program of corporate entitlements at their most extreme, with exorbitant costs to local communities, school districts and other public services. The study also shows how the program can be reformed, which turns out to be easier to accomplish than anyone imagined.
Read more and download the study here.
Click here to see how much the program is costing every parish, with a breakdown by specific public service.

Costs of exemptions by parish

Click on the parish names below to see how much these exemptions are costing your parish. The “Parish Profiles” calculate the annual foregone revenue for every parish for each public service funded by a dedicated millage, including — school districts, public safety, fire departments, libraries, parks, roads and bridges, drainage and levees, etc.

To download the spreadsheet with the breakdown of costs for all parishes and all parish profiles, click here.
(Note: Catahoula, Franklin, Madison and Tensas parishes are not included because they have no current industrial tax exemptions.)

To download a single-page profile for the state as a whole or any individual parish, click the links below.

PARISH PROFILES

Total costs statewide
Acadia Parish

Allen Parish
Ascension Parish
Assumption Parish
Avoyelles Parish
Beauregard Parish
Bienville Parish
Bossier Parish
Caddo Parish
Calcasieu Parish
Caldwell Parish
Cameron Parish
Claiborne Parish
Concordia Parish
DeSoto Parish
East Baton Rouge Parish
East Carroll Parish
East Feliciana Parish
Evangeline Parish
Grant Parish
Iberia Parish
Iberville Parish
Jackson Parish
Jefferson Parish
Jefferson Davis Parish
La Salle Parish
Lafayette Parish
Lafourche Parish
Lincoln Parish
Livingston Parish
Morehouse Parish
Natchitoches Parish
Orleans Parish
Ouachita Parish
Plaquemines Parish
Pointe Coupee Parish
Rapides Parish
Red River Parish
Richland Parish
Sabine Parish
St. Bernard Parish
St. Charles Parish
St. Helena Parish
St. James Parish
St. John the Baptist Parish
St. Landry Parish
St. Martin Parish
St. Mary Parish
St. Tammany Parish
Tangipahoa Parish
Terrebonne Parish
Union Parish
Vermilion Parish
Vernon Parish
Washington Parish
Webster Parish
West Baton Rouge Parish
West Carroll Parish
West Feliciana Parish
Winn Parish