BusinessIndustry ITEP cost local governments $1.5B in foregone revenue in 2021, EBR $28.7M By Deanna B. Narveson - October 12, 2022 (File photo) FacebookTwitterLinkedinEmailPrint Louisiana’s Industrial Tax Exemption Program cost Louisiana local governments $1.5 billion in foregone property tax revenue in calendar year 2021 Already an INSIDER? Sign in.