Story in the Advocate by Sam Karlin
ExxonMobil on Tuesday said it will drop its pending requests for property tax breaks in Baton Rouge and warned the “uncertainty” surrounding tax incentives could deter future spending at its local plants.
The move came days after the East Baton Rouge Parish School Board, for the first time, voted to reject two requests by ExxonMobil to exempt it from paying a combined $2.9 million over 10 years to local schools. Exxon was set to ask the Metro Council Wednesday to approve the exemptions.
The East Baton Rouge Parish School Board on Thursday voted just before midnight Thursday to reject two controversial requests for industrial tax breaks from the biggest taxpayer in the parish.
The 5-4 vote marked a rare defeat for ExxonMobil, which has received hundreds of such tax exemptions via the decades-old Industrial Tax Exemption Program, or ITEP, and a big victory for critics of the program, including the faith-based group Together Baton Rouge and school employee groups, including the two teacher unions. More
Together Baton Rouge/IAF: Minority owned businesses pay three times Higher Property Taxes Than Exxonmobil
New study shows minority-owned businesses in Baton Rouge pay 3 times higher property taxes than ExxonMobil A new analysis of the property tax rolls in Baton Rouge shows stark disparities in business property tax rates, driven mainly by industrial tax exemptions.
KEY FINDINGS OF THE REPORT:
Check out the "Who pays more?" search tool at: PROPERTYSEARCH.TOGETHERBR.ORG