
Nicholas Fulford
29:56 - 30:41
"the mechanism in Louisiana is a— well, it's a forgiveness, if you like, of property tax for a period of 10 years, after which the normal rates apply, but there's no there's no recouping of unpaid property tax."
“the mechanism in Louisiana is a— well, it's a forgiveness, if you like, of property tax for a period of 10 years, after which the normal rates apply, but there's no there's no recouping of unpaid property tax.”
So, so yes, these, these are operational except for Magnolia LNG, which is, as I say, under development. And the other question is, of these property tax incentives are any of them recouped after 10 years or are they not? Senator Hoffman, Chair Hoffman, they're not. So the mechanism in Louisiana is a— well, it's a forgiveness, if you like, of property tax for a period of 10 years, after which the normal rates apply, but there's no there's no recouping of unpaid property tax.