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United States of America/State of Louisiana: Billion-dollar property tax exemption provided to Sasol’s new cracker plant

Description

In 2016 the Commerce & Industry Board approved a deal with Sasol USA Corporation whereby the state of Louisiana will incentivize the construction of a new cracker plant (i.e., refinery) by providi...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Dec 2016

Revocation date

31 Dec 2026

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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