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: 18 Oct 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2011 the Louisiana Economic Development agency provided a $214 million performance-based subsidy package over 10 years for Huntington Ingalls Industries to retain a shipbuilding facility in the state. The package included job-creation tax credits, job training assistance via Louisiana FastStart, and funds to retool and modernize the facility. 
 
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

493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890110 Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferryboats of all kinds
8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
890200 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
494 Pleasure & sporting boats
8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes.
890310 Inflatable
890391 Sailboats, with or without auxiliary motor
890392 Motorboats, other than outboard motorboats
890399 Other

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