Generous corporate tax incentives bleed revenue from state treasury, provide little other than political bragging rights

The Baton Rouge Advocate last December ran an excellent eight-part series on Giving Away Louisiana in which the paper examined inventory tax rebates, movie tax credits, Enterprise Zone tax credits, solar energy subsidies, fracking incentives and the state’s 10-year property tax exemptions, all of which combine to gut the state treasury of billions of dollars … Continue reading Generous corporate tax incentives bleed revenue from state treasury, provide little other than political bragging rights