ITEP (Industrial Tax Exemption Program)

LA Dept. of Economic Development

“Everyone in local government says, ‘Let me take care of myself,’ because we took away their tax base -- and it has been going on for years,” Robert Adley, the governor’s representative to the Board of Commerce and Industry, says. “That’s what this is really about.”

“This” is the Industrial Tax Exemption Program, also known as ITEP. 


Louisiana Oil&Gas Association

Perhaps lawmakers avoid getting their fiscal myopia checked because they’re waiting for a bonus to pay for the eye exam -- like New Iberia Representative Blake Miguez, who is expecting the oil and gas industry to boom again.


Sue Lincoln

As House members continue to dither over how to – or even if to – move ahead with comprehensive tax reform, the Senate Revenue and Fiscal Affairs Committee advanced several bills along those lines Monday.


HomeCenterNews.com

“The job of this task force all along was to identify and push forward those things that would make the local government whole – in lieu of the inventory tax,” said the chairman of the SCR 6 Task Force, state Senator Bret Allain, at the team's final meeting last Friday.

The group has been grappling with the thorny problem of inventory tax, and Allain acknowledged that they've not been able to solve it.

Sue Lincoln

Governor John Bel Edwards, in cooperation with the Delta Regional Authority, announced funding Monday for seven new infrastructure projects to assist with economic development along the Mississippi River.


Sue Lincoln

When the second special session ended late Thursday night, the Louisiana Republican Party immediately sent out a press release declaring “victory”, and calling Democratic Governor John Bel Edwards “defeated”.

Of course, that’s not how he sees it.

“I don’t believe that we have failed,” the Governor said. “I would question some of their motives, rather than my leadership.”

Sue Lincoln

In the space of two hours, the full Senate did some heavy lifting Thursday. It took just two minutes to okay the much-delayed capital outlay bill.

“Hopefully this will be the final HB 2 of 2016,” Senate Revenue and Fisc chair J.P. Morrell said, with a sigh.