Louisiana Governor Issues Executive Order on Industrial Tax Exemption Program

The Louisiana Governor issued an executive order setting forth amended conditions for participation in the state’s Industrial Tax Exemption Program (ITEP). The order aims to promote investments benefiting local communities while providing competitive tax incentives for manufacturers. The order outlines criteria the Governor will consider when determining which manufacturing projects qualify for property tax exemptions under ITEP, and establishes a standard 80 percent exemption rate for new ITEP contracts, with potential higher rates for “Mega Projects” involving over $500 million in capital expenditures. [La. Governor’s Office, Executive Order JML 25-033, 03/20/25]

This story was produced by Bloomberg Tax Automation, and ...