ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
In 2013 the Louisiana Commerce and Industry Board provided an incentives package to Valero Refining for a new plant and additions to its existing refinery. The subsidy value is the total of the estimated value of a ten-year property tax exemption, Quality Jobs sales and use tax credits, and Quality Jobs payroll rebates. The estimated value of the subsidy is $128,622,663.
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.
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