Industrial Tax Exemption Program (ITEP)
ITEP grants a state-level exemption of up to 80% on qualifying ad-valorem property taxes for new manufacturing investment, subject to approval by the affected local taxing bodies (parish, municipality, school board, sheriff). It is one piece of the stack — alongside Act 730 and PILOTs — that materially de-risks data-center capex underwriting.
Plain-English definition
Louisiana program providing ad-valorem property-tax exemption on qualifying manufacturing capex, subject to local approval.
Why it matters in Louisiana
LouisianAI uses this term to connect Louisiana AI infrastructure, utility, incentive, workforce, and public-record pages without forcing readers to know data-center or regulatory jargon first.
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