corporate tax incentives Archives - Louisiana Budget Project

April 25, 2018

When will the regular session end?

At the beginning of the regular legislative session, Gov. John Bel Edwards and legislative leaders publicly discussed the need to end the session early, to allow enough time to consider revenue raising measures during a second special session.

Number of the Day

$1.5 billion - The amount of state and local tax incentives the Louisiana Department of Economic Development offered to a Taiwanese plastic company planning to build a new plant in Louisiana. (Source: Associated Press)

December 18, 2017

Perverse incentive

The Industrial Tax Exemption Program doles out about $1 billion each year in property tax breaks to corporations.

Number of the Day

$13.7 billion - Lost tax revenue from the Industrial Tax Exemption Program from 2006 - 2016 (Source: Louisiana Tax Commission via The Advocate)

October 18, 2017

A bipartisan health care deal?

A pair of U.S. senators have struck a deal aimed at averting the chaos in health insurance markets caused by President Donald Trump’s unilateral decision to cut off payments that help keep coverage affordable for low- and middle-income families.

Number of the Day

$293 - The average federal earned income tax credit for eligible childless adults. (Source: Center on Budget and Policy Priorities)