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Gov. Jindal proposes new business tax breaks

3 years ago February 02, 2012 Feb 2, 2012 Thursday, February 02 2012 Thursday, February 02, 2012 1:47:38 PM CST in News
Source: Associated Press

BATON ROUGE, La. (AP) - Gov. Bobby Jindal is proposing to expand business incentive programs in a bid to attract new industry and corporate headquarters to Louisiana.

Among the proposals are a rewriting of the corporate tax laws, expansion of a local property tax exemption program, a new incentive for certain businesses that create high-paying jobs with benefits and a rebate for location costs when a company moves its headquarters to the state.

The measure with the highest price tag would expand a 10-year property tax exemption offered to manufacturers to include new businesses, like digital media and renewable energy companies.

It would require a constitutional change and parish leaders to decide whether they want to participate.

Jindal outlined the four bills Thursday. Lawmakers will consider them in the regular session that begins March 12.

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