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