ANNOUNCEMENT 01 Jul 2011

In July 2011, a US state government announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
2011 Board of Commerce & Industry Incentive Approvals, pp. 76.; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance-reporting.cfm


Inception date: 01 Jul 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2011, the Louisiana Commerce and Industry Board provided an incentives package to ExxonMobil for an ultra-low sulfur-diesel production unit in its Baton Rouge's refinery, for which the company received property tax exemptions worth $118.9 million over 10 years. 
 
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 SECTORS