Vote "NO" on November 3rd.
On November 3rd Louisiana voters will decide whether to amend the state constitution to create a tax loop hole for corporations.
What is amendment #5?
Amendment 5 would allow major corporations to NEGOTIATE what they pay in property taxes and whether they pay them at all. It would let one group of taxpayers, industrial manufacturers, have a different set of rules for taxes than anyone else. Instead of paying the tax rate approved by voters, they would be able to pay whatever amount they’re able to negotiate through special agreements called cooperative endeavor agreements.
Amendment 5 would create one set of rules for industrial corporations and another set of rules for everybody else.
TAX BREAKS, BUT NO NEW HIRING?
The second thing to know about amendment five – it’s got no guard-rails or restrictions on what tax exemptions could be approved for industrial corporations. They would not be required to create ANY JOBS to get tax exemptions. Businesses that are actively laying off their workforce could still be exempt from paying their fair share of taxes on profits. There'd be no restrictions for polluters or dirty industry.