ITEP

COMMENTARY

The tax breaks for jobs scheme isn’t working out for Louisiana | Jarvis DeBerry

BY: - June 18, 2021

You, I and every other American taxpayer helped out Marathon Petroleum during the worst of the pandemic. Then, the same year it secured its $2.1 billion in federal tax benefits — the most of any U.S. oil company — Marathon let go almost 1,920 employees. The “reductions,” to use Marathon’s word, included 45 workers at […]

Tax-swap package now left to Louisiana voters

House passes bill that would hide corporate tax break data from the public

BY: - May 24, 2021

House lawmakers on Thursday voted 59-38 for a bill that would change the public records law to allow the state economic development agency to hide certain corporate tax incentive records from the public.  House Bill 456, sponsored by Rep. Rick Edmonds (R-Baton Rouge), proposes to make an exception to Louisiana’s public records law for certain […]

House passes qualified immunity bill

One bill would reform tax incentives while another would undo tax incentive reforms

BY: - April 15, 2021

Louisiana’s House Ways and Means Committee advanced a bill Thursday that would require a two-thirds vote of the legislature to enact any new tax incentives. However, a separate bill that threatens to remove the authority that local governments have over corporate property tax exemptions was proposed and ultimately deferred. House Bill 202, sponsored by Rep. […]

Folgers tax breaks survive another month with New Orleans City Council

BY: - December 17, 2020

To the disappointment of many residents, the New Orleans City Council on Thursday postponed a vote on controversial tax exemptions for Folgers Coffee Company to give it time to explain why it should be exempt from paying an estimated $5.4 million in back property taxes and roughly $14 million in future taxes over 10 years. […]

Louisiana commerce board approves tax exemption for Folger despite allegation that company used tax loophole

BY: - November 16, 2020

The Louisiana Board of Commerce and Industry on Friday approved $220 million of single-year industrial tax exemptions, including 13 exemptions for Folger Coffee Company that  might allow the coffee giant to avoid paying as much as $12 million in back taxes to New Orleans.  Board members approved nearly $4 million in first-year tax breaks for […]

Marathon Petroleum, accused of fraudulently seeking tax exemption, asks commerce board to defer vote on its request

BY: - November 13, 2020

A state board deferred consideration of $43 million in tax breaks for Marathon Petroleum Friday after claims that the company falsified public records to avoid going to St. John the Baptist Parish officials for approval. Marathon went before the Board of Commerce and Industry Friday for a tax break for an expansion project at its […]

House passes qualified immunity bill

Lawmakers vote to give $157 million to oil companies and bypass school boards

BY: - October 6, 2020

A Louisiana House of Representatives Committee narrowly passed a bill Monday that muddies the state’s corporate tax exemption laws by creating a potential loophole that could allow companies to bypass some local entities when seeking property tax credits. Furthermore, in a separate bill, the same lawmakers voted to give away $157 million in additional tax credits […]

State board gives 5 companies $140 million off next year’s property taxes

BY: - June 26, 2020

The Louisiana Board of Commerce and Industry on Wednesday approved tax breaks for multiple Louisiana companies worth more than $148 million next year alone under a program critics call “corporate welfare.” Wednesday’s meeting was the first time the board had met for a full agenda since the COVID-19 pandemic reached the state, and the members […]

Board of Commerce and Industry considers millions in property tax exemptions Wednesday

BY: - June 23, 2020

Louisiana’s Board of Commerce and Industry meets Wednesday, June 24, for the third of six regular meetings it has scheduled for 2020. The 24-member board will be considering tax exemption requests worth millions of dollars annually from various industries across the state. Some of the industries appearing before the commerce board will be seeking exemptions […]