Some of the most interesting — and revealing — appointments Gov. Bobby Jindal will make will be on the Tax Commission. This regulatory body is, essentially, a five-member panel that should work to ensure that all property taxpayers in Louisiana are treated equitably by the elected parish tax assessors who are in charge of establishing assessments on taxable property.
One of the strong points of former Gov. Kathleen Blanco’s administration was her commitment to appointing Tax Commission members who would hold assessors accountable to having fair and accurate property tax rolls. Some powerful assessors resented being told that they had to assess property as the state constitution intended it to be done — not in the political fashion they had utilized for decades. Needless to say, the assessors who liked the “old way” of doing things were not happy with having their feet held to the fire.
The assessors as a group endorsed Jindal in the recent gubernatorial campaign. They have wasted no time since the election trying to influence his appointments to the Tax Commission. In the very near future, we will find out how successful they have been in their lobbying.
Jindal stressed during his campaign that he wanted to remove inequities in the tax code that put Louisiana businesses at a disadvantage with those in other states. He specifically mentioned removing the state sales tax on business utilities, speeding up the phase-out of the state sales tax on machinery and equipment used in manufacturing, and more quickly removing debt from calculation of the franchise tax. Those actions would certainly help level the playing field that exists between business taxation in Louisiana and other states. If, however, the governor allows the Tax Commission to become overly influenced by assessors, a continuing imbalance in business taxation will become exacerbated and will diminish his objective of making Louisiana more competitive.
The cold, hard fact is that business and commercial interests in Louisiana pay the vast majority of the property taxes collected — more so than in other states. Our highest-in-the-nation homestead exemption is one reason that is the case. Another is the tendency of some assessors to keep assessments on homeowners low, thereby shifting even more of the property tax load onto commercial interests. During the last four years, the Tax Commission fought the good fight to make the assessors abide by the constitution. That struggle often got ugly. Now some assessors who want the power base that “flexibility” in assessments brings are hoping that Jindal will appoint a majority on the commission that will allow them to go back to the old way of doing assessments. The governor will do the state and the constitution a great disservice if he accedes to those assessors’ wishes.
Jindal is absolutely on point in his initiative to further remove some of the tax barriers that prevent Louisiana businesses from competing on an even keel with their competitors in other states. Making our businesses more competitive will strengthen our economy and provide support beneath some current state revenue streams that are tied to the recovery from the hurricanes. If, however, the governor allows the Tax Commission to become an entity that unfairly pushes more of the property tax burden onto businesses, his plans to make Louisiana more competitive in the economic arena will come up short.
You must be logged in to post a comment. Log in using your Facebook account or register if you do not have an account yet.
On the Move: Mike GuidrozVeteran banker will eventually assume the role of RR Company co-founder Rodney Savoy.
Fresh Catch
Lafayette now has inroads to state money for seafood promotions and marketing.
Turning a CornerThe Andrus family’s plan for a physician apartment complex is being favorably received by residents who have waged a long legal battle to keep their neighborhood just that — a neighborhood.
Ruffino's pays $3.3 million for old Cochon location
Ruffino's says the deal came together faster than expected — and about two weeks ahead of the debut of Ruffino's on the River.
One statistic Lafayette Utilities System's Director Terry Huval has been reluctant to release since the launch of LUS Fiber in 2009 has been the number of its customers.
Danos & Curole announces a new $10 million headquarters in Gray and a $20 million manufacturing and fabrication plant at one of two Louisiana ports under consideration.
State police figures show most also won less than they did a year ago. The big exceptions were 8.7 percent one-year increases at both L'Auberge Lake Charles and the slots casino at the New Orleans Fair Grounds.
Up to 45 branches of Hancock Back and Whitney Bank are slated for closure in the coming months, according to an announcement made Friday by Hancock Holding Co. President and CEO Carl J. Chaney.
The Obama administration said Thursday it will require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations.
2012 was a banner year for Lafayette. Not only did Lafayette retailers reach an all-time high of $5.7 billion in sales in 2012, but Lafayette’s unemployment rate dropped below 4% for the first time since 2009.
The Andrus family’s plan for a physician apartment complex is being favorably received by residents who have waged a long legal battle to keep their neighborhood just that — a neighborhood.
ABiz ColumnsWED, MAY 15 12:00AM by Cherry Fisher May
A photo recap of recent happenings in the Acadiana business scene, including the INNOV8 Awards, CajunCodeFest, the INDesign Awards luncheon and a groundbreaking ceremony for the expansion of Stella Maris' headquarters on Pont Des Mouton Road.
Coming on the heels of four closures earlier this year, IberiaBank Corp. officials announced plans to eliminate nine additional branches during a late April conference call detailing the bank’s first quarter earnings, which came in far below analysts' expectations.
ABizSUN, MAY 12 9:24AM by Matthew Daly, Associated Press
A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
David Calhoun and Elizabeth “EB” Brooks are the first two employees of Lafayette Central Park Inc., the nonprofit charged with turning Lafayette Consolidated Government’s 100-acre Johnston Street Horse Farm property into a passive public park. Calhoun was named executive director, and Brooks is director of planning and design.
At Thursday's State of the Economy luncheon, LEDA President and CEO Gregg Gothreaux said PXP has already quietly hired 180 people for its Broussard expansion.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.
This year’s Cool Town issue is all about people who are not native to South Louisiana but made a conscious decision to be here, to be among us, to participate in our culture and contribute to it.
A shelved ordinance transferring $200,000 from a northside drainage project to a south Lafayette development may not break any laws, but it stinks to high heaven.
An effort to restore a shuttered dancehall and document other vacant or razed honky-tonks could serve as a model for saving an endangered species of entertainment.
Lafayette’s gene pool has been host to a long line of eccentric characters who have blurred the lines between crazy, genius, disturbed and curiously entertaining.