ANNOUNCEMENT 01 Jul 2011In July 2011, a US state government announced a targeted tax change.
NUMBER OF INTERVENTIONS
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
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.