business / news / / Baton Rouge Advocate
Louisiana officials want to give big tax breaks to attract aerospace companies to the state.
Louisiana advanced two bills offering major tax breaks to attract aerospace companies.
KEY POINTS
- House Bill 1088 requires $1 billion investment and 200 new jobs for sales tax rebates.
- House Bill 1179 expands property tax breaks to explicitly include aerospace manufacturing investments.
- Approved sales tax rebate deals could last up to 30 years if extended.
- Louisiana is mimicking aerospace incentive policies from Florida and Texas to stay competitive.
COMPANIES
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