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Started By
Message
re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 11:04 am to jizzle6609
Posted on 8/16/23 at 11:04 am to jizzle6609
quote:
jizzle6609
You are missing the entire point.
Without ITEP, all the sales taxes, added spending in the parish, rentals, etc for a project at large projects goes away in the short term and long term they still get $0 in property tax off these large investments.
At least with ITEP, places like LC and Cameron parish get the short term benefits of thousands of people living in the area temporarily, spending money, etc and then they get the property tax after the exemption.
This post was edited on 8/16/23 at 11:07 am
2
Posted on 8/16/23 at 11:08 am to rowbear1922
quote:
You are missing the entire point.
Without ITEP, all the sales taxes, added spending in the parish, rentals, etc for a project at large projects goes away in the short term and long term they still get $0 in property tax off these large investments.
At least with ITEP, places like LC and Cameron parish get the short term benefits of thousands of people living in the area temporarily, spending money, etc and then they get the property tax after the exemption.
this...he completely misses the point
Posted on 8/16/23 at 11:16 am to rowbear1922
quote:
You are missing the entire point.
Without ITEP, all the sales taxes, added spending in the parish, rentals, etc for a project at large projects goes away in the short term and long term they still get $0 in property tax off these large investments.
I completely get this. I am stubborn. The property tax on these billion dollar projects dwarfs any other tax you are collecting. Louisiana also doesnt put a threshold on job creation or capital investment.
Also, do the companies have to buy materials from within the parish? If not what stops them from buying in Texas at a bulk discount with suppliers they are already partnered up with?
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