Financial Tools

In our last two updates, we discussed how state legislatures throughout the country have felt pressure to address the ongoing property tax revolt that has resulted from surging residential values, local budget concerns, and ultimately higher property tax bills. We also discussed how taxpayers have the right and the opportunity to directly address their property valuation with the local appraiser/assessor via the open property roll review and appeal process. With current year property values now more or less set, local jurisdictions are nearing final calculations regarding the current year millages/tax rates needed to fund local budgets, given the tax base and to hold formal hearings to discuss those budgets and millages/tax rate adjustments.

We are excited to let you know the Louisiana Legislature passed a new business incentive program in the 2025 fiscal session, called the “Louisiana High Impact Jobs Program” or “HIP” for short. Immediately following the bill’s passage, the Louisiana Department of Economic Development (LED) issued emergency rules for businesses to be able to determine their potential eligibility and apply.