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Public comment period for ITEP proposed changes ends June 22

Public comment period for ITEP proposed changes ends June 22
Late last year, Governor Edwards directed Louisiana Economic Development (LED) to research and identify process improvements to the Industrial Tax Exemption Program following two 2016 Executive Orders that altered key components of the economic development program.

Rules have been in place at the Louisiana Board of Commerce and Industry for nearly a year, reflecting the principles expressed in the governor’s Executive Orders.

Taking a thorough and comprehensive approach, LED conducted an extensive program review, including dialogue with several key stakeholders such as Louisiana governmental entities, trade associations and non-governmental organizations. LED gathered input on how the ITEP program could retain the enhanced features of accountability and local voice while also moving in a direction of improved certainty and a more streamlined approval process.

Based upon that research, analysis and dialogue, ITEP process improvements were introduced at the April 25, 2018 meeting of the Board of Commerce and Industry.

>> Click here to review the proposed rule changes.  The public comment period ends June 22, 2018.

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