Together Louisiana calls payment in lieu of taxes proposal ‘corporate giveaway’
Together Louisiana is mounting a campaign against proposed legislation that would allow local taxing authorities to negotiate contracts with manufacturers to pay an upfront set fee in lieu of property taxes, which organizers say effectively amounts to a tax exemption.
The organization also called attention to five other bills proposed for the 2018 regular legislative session and four existing laws, which it dubbed the “Top 10 Corporate Giveaways of 2018” during a Together Louisiana meeting held today ahead of the opening of the session and the governor’s speech.
The “payments in lieu of ad valorem taxes,” or PILOT, would require a constitutional amendment and a simple statute giving local governments authority to enter into “cooperative endeavor agreements” with manufacturers. The effort involves four proposed bills: House Bills 201 and 254 sponsored by Rep. Raymond Crews, R-Bossier; and Senate Bills 294 and 346 sponsored by Sen. Mike Walsworth, R-West Monroe.