BATON ROUGE, La. (KADN) — A new executive order signed by Gov. Jeff Landry removes past legislation requiring job creation in order to participate in the Louisiana industrial tax exemption program.
Gov. Landry signed that executive order during his keynote address at the annual Louisiana Association of Business and Industry (LABI) meeting.
"…But we have removed the job requirement because … because this program is about capital investment, okay?" said Landry. "It is not about job creating. It is about capital investment."
The order also changed the approval process to a one-stop-shop at the local level but kept the cap limiting the property tax exemption to 80%.
