Louisiana
June 06, 2001
| By Keith Martin in Washington, DC
Louisiana wants new merchant power plants being built in the state to commit to supply at least 25% of their electricity in Louisiana in exchange for property tax breaks. Governor Mike Foster (R.) made the announcement in late April on his weekly radio program. The state offers property tax abatements for up to 10 years for new manufacturing facilities. The abatements have to be negotiated with the Board of Commerce and Industry