Up until recently, large industrial businesses that relocate or expand in Louisiana were eligible for a five-year waiver of their local property taxes with a nearly automatic five-year renewal. Proponents of the Industrial Tax Exemption Program (ITEP) say it stimulates investment in the state and creates jobs. Critics of the program say that the tax exemption reduces resources for local taxing entities and services.
While the ITEP was championed by former Governor Bobby Jindal, Governor John Bel Edwards announced modifications to the program in 2016. So, what has been the impact of the changes made to the tax exemption plan? How effective is the ITEP in growing jobs? And what has the program’s cost been to local communities? Louisiana Public Square explores these questions and more on “Industrial Tax Matters“