Business

February 22, 2024

Landry signs executive order killing ITEP job creation requirements during LABI Meeting

  During the luncheon, Governor Landry signed an executive order to make significant changes to the Industrial Tax Exemption Program (ITEP). The executive order includes keeping the cap limiting the property tax exemption to 80 percent, removes the job creation requirement that was added during the previous administration and changes the approval process to a one-stop-shop at the local level.