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Committee approves ITEP request for Gulf Island LLC expansion valued at about $1.28 million

2711373 · March 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Terrebonne Parish committee approved a 10-year industrial tax exemption for Gulf Island LLC’s $1,284,000 expansion (project 20220483-ITE); staff provided projected revenue impacts and noted the filing predated a statutory change moving future filings to a central ITEP board.

The Finance Insurance and Section 16 Lands Committee of Terrebonne Parish on March 18 approved a resolution granting an Industrial Tax Exemption Program (ITEP) request by Gulf Island LLC for a reported $1,284,000 expansion (project number 20220483-ITE).

Finance staff and company representatives told the committee the school board’s portion of the…

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