State News

Gov. Jindal proposes new business tax breaks

Font size

Posted: Feb 2, 2012 2:47 PM
Source: Associated Press

  Rating: 1.0 (2 votes)

Topics: Jindal, Proposes, Business, Tax, Breaks

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.

Most Popular