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Started By
Message
re: 20 year Tax Incentives that landed Buc-ee's in Ruston.
Posted on 1/27/23 at 11:38 am to boudinman
Posted on 1/27/23 at 11:38 am to boudinman
quote:
The city will reimburse Buc-ee’s its portion of sales and property tax revenue for 20 years. West says even with the incentives, Ruston will still make money.
Obviously Ruston isn't a city entirely full of poors, but how much is that "portion" going to actually be? If I'm a citizen, I'm losing my shite. Not every Buc-ee's employee is going to be a Ruston native.
quote:
“The other businesses that potentially will come with Buc-ee’s, they will not get those sales tax incentives,” explained West. “The city will generate revenue off of that.”
Might as well be renamed Buceeville.
quote:
Ruston is also setting up an 80,000-acre economic development district allowing Buc-ee’s to recoup an additional 2% in sales tax over 20 years.
So Buc-ee's gets passive income side hustle just for existing? Jesus Christ.
2
Posted on 1/27/23 at 11:44 am to BilbeauTBaggins
That's the cost of doing business, brother. Here's an entire database of similar agreements, thousands of them.
LINK
LINK
Posted on 1/27/23 at 11:46 am to el Gaucho
North Louisiana is conservative Republican country baw. You south La baws couldn't support Ralph Abraham for governor. Fell for phony Rispone. Abraham should have been the governor but you south La baws don't vote for North La candidates remember.
Posted on 1/27/23 at 11:54 am to boudinman
Could the 4.75 cents per kwh for 20 years end up biting the city in the arse?
Posted on 1/27/23 at 12:30 pm to The Top G
quote:
That's the cost of doing business, brother
Of course. Mega corporations will force the hand of cities and states because they threaten to go elsewhere.
Posted on 1/27/23 at 1:01 pm to boudinman
[quote] Louisiana village of Harrisonburg/quote]
Harrisonburg was almost the Louisiana state capital in the 1800s.
Harrisonburg was almost the Louisiana state capital in the 1800s.
Posted on 1/27/23 at 1:30 pm to el Gaucho
quote:
All the commiefornia libs moving into North Louisiana is why y’all got the buckys baw
Would you please stop with the North Louisiana hate again. Y’all are just jealous about it not going on I10 in BR or anywhere on it. Seems you (collective you) were salivating at the thought of it being down there somewhere before it fell through.
Posted on 1/27/23 at 1:32 pm to el Gaucho
quote:
Shows that north Louisiana is basically Yankees now since they’re rolling over for a carpetbagger yankee Texas gas station
Didn't the guy who started Buc-ee's get his idea from working in his grandpas store in Harrisonburg or somewhere in Catahoula Parish? CenLa but SouthLa and the state in general has ridiculous SALT and other general tax regimes in place.
ETA: Nvm already posted.
This post was edited on 1/27/23 at 1:34 pm
Posted on 1/27/23 at 1:38 pm to boudinman
Fear not. Those incentives will be negated (ala monster moto) and it will close.
Louisiana gonna Louisiana. There are ppl in NELA that would have us in horse drawn carriages if they had anything to say about it.
Louisiana gonna Louisiana. There are ppl in NELA that would have us in horse drawn carriages if they had anything to say about it.
Posted on 1/27/23 at 1:45 pm to boudinman
I still don’t understand why certain companies get tax incentives and others don’t.
I’m sure the local gas stations in this parish would love to have their tax burden lowered, as well.
I’m sure the local gas stations in this parish would love to have their tax burden lowered, as well.
Posted on 1/27/23 at 1:47 pm to hottub
I will add West Monroe (and usually Monroe) seem to always have extremely cheaper gas compared to other areas along the 20 corridor and other towns near it. Never understood that.
This post was edited on 1/27/23 at 1:48 pm
Posted on 1/27/23 at 1:50 pm to BilbeauTBaggins
quote:
“The other businesses that potentially will come with Buc-ee’s, they will not get those sales tax incentives,” explained West. “The city will generate revenue off of that.”
quote:
Might as well be renamed Buceeville.
If 75% of the reason those other businesses want to build in Ruston is because of the Buc-ee's location, they don't deserve the incentives. I believe first come, first served applies in this scenario.
Posted on 1/27/23 at 1:53 pm to The Top G
quote:
That's the cost of doing business, brother. Here's an entire database of similar agreements, thousands of them.
Bookmarked for the next time I see people whining about someone getting a tax credit for an EV or solar.
Posted on 1/27/23 at 1:54 pm to BorrisMart
quote:
I will add West Monroe (and usually Monroe) seem to always have extremely cheaper gas compared to other areas along the 20 corridor and other towns near it. Never understood that.
It's because of their geographical location to Bawcomville.
Posted on 1/27/23 at 1:54 pm to hottub
quote:it's because of the potential that comes wiht the business being there. Alot of bucees locations have driven other economic development for the area.
I still don’t understand why certain companies get tax incentives and others don’t.
Posted on 1/27/23 at 2:07 pm to Pedro
quote:
it's because of the potential that comes wiht the business being there. Alot of bucees locations have driven other economic development for the area.
I understand that but the government is acknowledging that lower taxes stimulates growth.
Why not give everyone lower taxes?
The local gas station, with a lower tax burden, could invest in an expansion or more locations which would drive more economic development.
Posted on 1/27/23 at 2:16 pm to hottub
oh your 100% right there (atually never thought of it like that.) Big daddy government needs its money i guess
Posted on 1/27/23 at 2:20 pm to boudinman
I want that car wash job that pays $150 K or so
Posted on 1/27/23 at 2:23 pm to PaperTiger
This. A Former Mayor of Ruston set the town up years ago in this special district. Ruston was one of only two towns in the state to take advantage of. Therefor, Ruston is hardly losing anything after the state reimburses 1.78%. We can thank the rest of the state for helping out in a way.
Posted on 1/27/23 at 2:32 pm to hottub
quote:
I understand that but the government is acknowledging that lower taxes stimulates growth.
Why not give everyone lower taxes?
The local gas station, with a lower tax burden, could invest in an expansion or more locations which would drive more economic development.
The gas station that employs two minimum wage employees doesn't create the full economic impact as Buccees already established brand bringing in 200 jobs starting at $15/hour.
Do the work first, grow your business, and when you expand you can get incentives too. Low taxes do stimulate growth, but taxes are also necessary to run a functioning society.
The theory is really simple, Buccees can just as well go down to the road to Arcadia or West Monroe and build there if they so please. If that's the case, Ruston misses out on all of the ancillary economic benefits of having Buccees in their town. It's better to get zero tax dollars from Buccees and all the tax dollars from all the other things it brings in than zero tax dollars from Buccees and still not have all of the other things.
This post was edited on 1/27/23 at 2:36 pm
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