tax break

Two groups have asked a federal appellate court to review June’s Federal Energy Regulatory Commission decision approving Venture Global’s proposed CP2 liquefied natural gas terminal in southwest Louisiana, which critics say would emit a massive amount of greenhouse gasses. It would be built next to this facility, Calcasieu Pass.

Tax breaks for LNG facilities will cost Louisiana parishes $21 billion: report

Tax breaks to the liquified natural gas export industry could deprive Louisiana communities of more than $21 billion in much needed infrastructure funds through 2040, according to a new report.

The Louisiana Senate passed tax cuts and a temporary 5% sales tax increase on Friday.

Politics

Louisiana lawmakers pass new tax package with bipartisan support, ending special session

Quinn Marceaux and Grace Thompson (LSU Manship School News Service)

Republican Gov. Jeff Landry got the Louisiana Legislature to back his bet of lowering individual and corporate income taxes to stimulate growth in the state.

Louisiana lawmakers are in a special session to simplify the state's tax code.

Politics

Tax session stalled: No consensus on tax credit cuts, taxed services

Brooke Thorington

Lawmakers adjourned early Monday after they failed to reach a consensus on what should be taxed, as Gov. Jeff Landry attempts to overhaul the state’s tax code.

Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, U.S., on Friday, Dec. 12, 2014. Of all the booming U.S. oil regions set soaring by a drilling renaissance in shale rock, the Permian and Bakken basins are among the most vulnerable to oil prices that settled at $57.81 a barrel Dec. 12. With enough crude by some counts to exceed the reserves of Saudi Arabia, theyre also the most critical to the future of the U.S. shale boom.

Coastal Desk

Study: Minorities ‘systematically’ underrepresented in US petrochemical workforce

Terry L. Jones (Floodlight)

In Louisiana, few people of color are getting high-paying jobs in the industry — or even low-paying ones

A view from the levee of the farmland buffering the residents of Wallace from the proposed site of a grain terminal planned by Greenfield Louisiana, LLC on Thursday, April 21, 2022.

Coastal Desk

$200M tax break for St. John grain terminal raises concerns over legality of loophole

Halle Parker

One local nonprofit has raised questions over the legitimacy – and legality – of a tax break between the Port of South Louisiana and a planned grain terminal in St. John Parish.

Sports

$37M, 10-Year Tax Break for Hornets Approved

The Associated Press

BATON ROUGE, La. (AP) — The New Orleans Hornets will continue receiving a tax break that saves the NBA team $37 million over 10 years.The Senate sent the…

Sports

House Backs $3.7M Annual Tax Break for the Hornets

The Associated Press

BATON ROUGE, La. (AP) — The Louisiana House has reversed course and agreed to extend an existing tax break given to the New Orleans Hornets that saves the…