|
An Orleans Parish School Board committee declined to weigh in on a business’ request for a five- to ten-year property tax exemption under the state’s Industrial Tax Exemption Program despite the school district administration’s recommendation to deny it. Instead, the budget committee moved a motion to deny the request to the full board, which later this week.
If approved, it would be the first such denial from the Orleans school board, which has only recently been given the power to review industrial tax exemption requests.
The request from Bollinger Algiers, a subsidiary of shipbuilding and vessel repair firm Bollinger Shipyards, did not meet two of the district’s four requirements to secure an exemption, according to the notes in a board resolution to deny the exemption.
The industrial tax exemption is the state’s most expensive tax break, costing local governments $13.7 billion in lost tax revenue between 2006 and 2016, according to The Advocate.
|
