Monday, November 20, 2023

JP considering tax break for plant

Jefferson Parish, La., officials are considering approval on an estimated $18.2M tax break, over five years, for a fertilizer plant at Cornerstone Chemical's Waggaman complex. 

Texas-based American Plant Food received unanimous approval from the Louisiana Board of Commerce and Industry in October for its e Industrial Tax Exemption Program application to forgo paying 80% of its property taxes on $227M in proposed investments. 

The Parish Council and School Board are planning to review the application at separate public meetings on Dec. 6. They are expected to draw large crowds and comments from residents. (NOLA.com 11/20/23) Jefferson Parish to hold public meetings on $18.2M in tax breaks for new fertilizer plant | Local Politics | nola.com  

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