IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Sep 2013 | Removal date: open ended
Still in force

Tax or social insurance relief

In December 2012, the governor of Louisiana announced a subsidy package worth at least $135 million for Sasol, a South African energy company, for building a gas-to-liquid (GTL) and ethane cracker complex. The press release indicated $115 million for land acquisition and infrastructure costs and $20 million for a new training facility. Other subsidies whose value was not disclosed include assistance through the state's FastStart worker training program, payroll rebates, and tax breaks through the Industrial Tax Exemption program.
 
In August, 2013, the state legislature approved a package of at least $257 million over 10 years, based on the company's performance. This amount included the stated $115 million grant for land acquisition and infrastructure costs and $69.7 million in rebates and other incentives. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other
271129 Other

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