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: 31 Dec 2016 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2016 the Commerce & Industry Board approved a deal with Sasol USA Corporation whereby the state of Louisiana will incentivize the construction of a new cracker plant (i.e., refinery) by providing a property tax exemption that is valued at $1,481,995,559 over a ten-year period (i.e., averaging $148,199,555 per year). The facility in question produces goods classified under item 325180 in the North American Industry Classification System (i.e., manufacturing basic inorganic chemicals except industrial gases and synthetic dyes and pigments).

AFFECTED COUNTRIES

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TABLE
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AFFECTED SECTORS AND PRODUCTS

342 Basic inorganic chemicals n.e.c.
2801 Fluorine, chlorine, bromine and iodine.
280110 Chlorine
280120 Iodine
280130 Fluorine; bromine
2849 Carbides, whether or not chemically defined.
284910 Of calcium
284920 Of silicon
284990 Other

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