Property Tax Break For ExxonMobil Plant Expansion

posted by WJBO Newsradio - 

The Louisiana Board of Commerce is giving a thumbs-up to a huge break for ExxonMobil on property taxes for a possible major plant expansion in Baton Rouge.

The Advocate reports the project involving polypropylene operations could have a price tag between a half-billion and a billion dollars and create 45 jobs at the facility. 

The petroleum company's property tax exemption for the expansion could total just under $6 million the first year.

The tax break still has to pass muster with the Metro Council, the school board and the sheriff.

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