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Tax Revenue

A recent economic study shows the Louisiana International Terminal will create a sustainable source of tax revenue for the Parish. The project will help support existing businesses and draw new kinds of businesses to the area.

New Tax Revenue Over Time

In 2020 Dollars

*Based on the economic impact of construction and operations. All figures represented in 2020 dollars.
Source: Lewis Terrell and Associates, Louisiana International Container Growth: The Economic Impact of the Louisiana International Terminal. April 2021
 

$205 million lost in existing state taxes

If the proposed terminal is not built, Louisiana won't be able to handle the larger ships that are becoming more common. International shipping companies will take their business to competing ports in Houston and Mobile. Distributors and warehouses will follow. As a result, Louisiana could see existing tax revenue drop significantly in just 10 years (2033). 

*Source: Lewis Terrell and Associates, No LIT Loss Summary. October 2022.

Who Pays Taxes?

As a subdivision of the state, the Port of New Orleans is exempt from property taxes. The private port operator and other companies owning property at the terminal are not. Any private tenant who builds and maintains facilities on the terminal property or invests in certain equipment will be subject to taxes by the Parish.

Increased tax revenues will give St. Bernard and the state the ability to invest in:

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Parks and
Recreation

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Schools

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Roads/Bridges/
Infrastructure

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Public Safety

Drain pipe

Drainage

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Environmental
Projects

Read the Initial Economic Impact Study