ANNOUNCEMENT 31 Dec 2016

The state government incentivizes investments through the discretionary granting of property tax exemptions.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Dec 2016 | Removal date: open ended

Tax or social insurance relief

In 2016 the Commerce & Industry Board approved a deal with Sabine Pass Liquefaction, LLC whereby the state of Louisiana will incentivize expansion of Train 1 and Train 2 of the company’s liquefaction project by providing a property tax exemption that is valued at $1,167,159,062 over a ten-year period (i.e., averaging $116,715,906 per year). The facility in question produces goods classified under item 325120 in the North American Industry Classification System (i.e., manufacturing ethane and butane gases made from refined petroleum or liquid hydrocarbons).

AFFECTED SECTORS