Quote:
Originally Posted by rcentros
You're not going to find corporations being arbitrarily forgiven up to 99% of their property taxes anywhere else in the country. That's just insane. The problem with Louisiana is that it's not the cities that are giving these incredible deals to corporations, it's a state commission. But it's the local cities who AREN'T getting the property tax. I wonder how much these commissioners earn under the table? (Utopia for them, maybe.)
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I am not saying that it is right or fair. The exemptions up to 99.99% are quite excessive. It is hard to tell with the missing cost analysis. Other states don't have the problem to the same extend. The combination of low taxes and big exemptions does the trick. Or put another way: if you depend on no exemptions to offset the lower taxes, what do the rural areas do that don't have a mega corp in their backyard?