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October 9, 2018

Tax incentives are (still) costly

Louisiana’s panoply of tax rebate and incentive programs cost the state $1.1 billion in tax revenue that otherwise would have been collected from corporations and individuals, according to a state audit released Monday.

Number of the Day

78 - The number of tax rebates and incentives that contributed to Louisiana’s $1.1 billion tax revenue loss. (Source: The Advocate)