Global Trade Alert
Global Trade Alert

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

Announcement

01 Jan 2016

The state government incentivizes investments through the discretionary granting of property tax exemptions.

 

 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Dec 2016

Revocation date:

31 Dec 2026

Updated: 01 Jan 2016
Tax or social insurance relief In force

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 prov...

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