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 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2015 the Commerce & Industry Board approved a series of three deals with Lake Charles LNG Export Company, LLC whereby the state of Louisiana will incentivize the construction of three liquefaction trains by providing property tax exemptions that are valued at $852,800,000, $467,400,000, and $467,400,000, respectively, each over a ten-year period (i.e., collectively averaging $93,480,000 per year). The facility in question produces goods classified under item 325199 in the North American Industry Classification System (i.e., manufacturing basic organic chemical products except aromatic petrochemicals, industrial gases, synthetic organic dyes and pigments, gum and wood chemicals, cyclic crudes and intermediates, and ethyl alcohol).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

347 Plastics in primary forms
3910 Silicones in primary forms.
391000 Silicones in primary forms.
354 Chemical products n.e.c.
3826 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils or oils obtained from bituminous minerals.
382600 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils or oils obtained from bituminous minerals.

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