News / Article

ExxonMobil's CEO asked to withdraw tax break requests groups say would cost $6.2 million

Source: https://theadvocate.com/baton_rouge/news/business/article_e59ca3e2-a17a-11e8-8995-139221d70357.html - Aug 17, 2018

Opponents of giving industries breaks on their school property taxes in Louisiana have publicly requested a meeting with the CEO of ExxonMobil and asked that he withdraw all pending tax exemption requests.

“The tax exemptions in question would cost East Baton Rouge Parish public schools $6.2 million in lost revenue, yet would play no role as an incentive,” seven groups said in a letter to Darren Woods, chief executive officer and chairman of the energy giant. “The projects for which these exemptions are being sought already were completed in March 2017, nearly 18 months ago.”

CLICK SOURCE TO READ ARTICLE

Category: General Business