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Michael Bloomberg
December 18, 2017
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
)
