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Terrebonne Parish board approves retroactive ITEP request for Gulf Island LLC despite objections
Summary
The school board approved a committee recommendation to honor Gulf Island LLC's request to waive penalty under its Industrial Tax Exemption Program contract, drawing objections from some members who warned the decision could set a precedent.
The Terrebonne Parish School Board voted Dec. 2 to approve a committee recommendation to grant Gulf Island LLC’s request to honor contract 20200178-ITE without penalty.
The recommendation was presented at the Finance, Insurance and Section 16 Lands committee meeting. A company representative addressed the committee and said he would provide more detailed financial breakdowns to the board packet.…
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