1:13
Nicholas Fulford
27:22 - 28:36
"the property tax rate is 10 mils rather than 20, and there are differences in the way in which the taxable value of the facility is calculated. But you can see there, um, you know, Sabine, which is being expanded, Cameron, Calcasieu, and Plaquemine, they're all existing LNG projects. And you can see there on the chart the value of the property tax concession for those companies is, is quite substantial."
“the property tax rate is 10 mils rather than 20, and there are differences in the way in which the taxable value of the facility is calculated. But you can see there, um, you know, Sabine, which is being expanded, Cameron, Calcasieu, and Plaquemine, they're all existing LNG projects. And you can see there on the chart the value of the property tax concession for those companies is, is quite substantial.”
- Speaker
- Nicholas Fulford
- Timestamp
- 27:22 – 28:36
- Source
- SFIN-260528-0900
- Community
- Alaska News
- Captured at
- May 28, 2026
From the transcript
But nevertheless, the mechanism in Louisiana through this industrial tax exemption program represents, well, up to an 80% reduction in property tax for 10 years. In reality, with different negotiated arrangements, many of these projects have a full property tax holiday for 10 years, after which the regular tax comes back in and becomes payable. The Obviously another significant difference in this slide is that in Louisiana the property tax rate is 10 mils rather than 20, and there are differences in the way in which the taxable value of the facility is calculated. But you can see there, um, you know, Sabine, which is being expanded, Cameron, Calcasieu, and Plaquemine, they're all existing LNG projects. And you can see there on the chart the value of the property tax concession for those companies is, is quite substantial.