News / Article

For this controversial tax break program, New Orleans City Council eyes big change

Source: https://theadvocate.com/new_orleans/news/article_7e0ebd40-fd65-11e8-92b9-bb6d57ddbe4d.html - Dec 12, 2018

New Orleans businesses requesting local tax breaks through a controversial state program would need to provide well-paying local jobs and meet other requirements under new guidelines approved by a City Council committee Tuesday.

The ordinance, approved by the council’s Economic Development Committee, is aimed at ensuring that city residents benefit from the millions of dollars of annual property tax breaks given to New Orleans businesses through the Louisiana Industrial Tax Exemption Program, or ITEP.

CLICK SOURCE TO READ ARTICLE

Category: General Business