Minden Press-Herald

Sep 21st

No. 8 addresses business tax exemptions

(Editor's Note: This is the final Press-Herald story relating to the nine proposed Constitutional Amendments that will appear on the ballot.)

Amendment 8 on the November 6 ballot would allow Louisiana Board of Commerce and Industry (LBCI) authority to grant limited ad valorem tax exemptions to certain types of businesses creating or expanding operation in Louisiana, which generate the majority of their revenue from outside of the state.

"The purpose of this is to encourage businesses that bring money into Louisiana," state senator Robert Adley said. "It allows [parishes] to choose to participate."

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