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State senators rejected a proposal on Monday for Louisiana to offer government-subsidized health insurance to the working poor through the federal health overhaul law known as the Affordable Care Act.more>> State senators rejected a proposal on Monday for Louisiana to offer government-subsidized health insurance to the working poor through the federal health overhaul law known as the Affordable Care Act.more>> A federal judge has dismissed one of the two counts in the indictment of a former BP executive.more>> A federal judge has dismissed one of the two counts in the indictment of a former BP executive.more>> Support from lawmakers comes despite concerns the constitutional amendments would further limit budget areas available to cut when Louisiana has financial woes - and leave colleges more vulnerable to slashing.
more>> Support from lawmakers comes despite concerns the constitutional amendments would further limit budget areas available to cut when Louisiana has financial woes - and leave colleges more vulnerable to slashing.
more>> Authorities have revoked the explosives licenses of a company accused of improperly storing millions of pounds of a military propellant that was blamed for the evacuation of a Louisiana town last year.more>> Authorities have revoked the explosives licenses of a company accused of improperly storing millions of pounds of a military propellant that was blamed for the evacuation of a Louisiana town last year.more>> Officials in Hancock County are seeking a state wetlands permit to clean out an oxbow of Rotten Bayou.more>> Officials in Hancock County are seeking a state wetlands permit to clean out an oxbow of Rotten Bayou.more>> The victim told investigators that she sells sweets and snacks from her residence and allowed two subjects inside her home
more>>The victim told investigators that she sells sweets and snacks from her residence and allowed two subjects inside her home
more>>Locals continue to help victims of Hurricane Sandy deal with the painstakingly slow recovery process.more>> Locals continue to help victims of Hurricane Sandy deal with the painstakingly slow recovery process.more>> Orleans sheriff's deputies are searching for an inmate who walked away from his job at a transitional work program Monday.more>> Orleans sheriff's deputies are searching for an inmate who walked away from his job at a transitional work program Monday.more>> A Baton Rouge Judge has ordered St. Tammany Parish Corner Peter Galvan to turn over 80,000 emails amid allegations of questionable spending practices within the officemore>> A Baton Rouge Judge has ordered St. Tammany Parish Corner Peter Galvan to turn over 80,000 emails amid allegations of questionable spending practices within the officemore>> The Houma Police Department is looking for the owner of a pony that was found wandering in the area of Maple Street Park Monday morningmore>> The Houma Police Department is looking for the owner of a pony that was found wandering in the area of Maple Street Park Monday morningmore>>
BATON ROUGE, La. (AP) - Gov. Bobby Jindal has signed into law a 10-year, $37 million tax break for the New Orleans Hornets, part of the state's deal to keep the NBA team in Louisiana.
Jindal announced the signing Tuesday, in a list of bills that he agreed to enact into law.
The bill by Jefferson Parish Rep. Cameron Henry, a Republican, extends an existing tax break that saves the Hornets $3.7 million a year through Louisiana's Quality Jobs Program. The rebate will be extended through the 2024 NBA season.
Supporters said the Hornets have a strong economic impact on New Orleans and the state. Critics argued it was inappropriate to give a multimillion-dollar tax break while also levying continued budget cuts on colleges.
House Bill 1072 can be found at www.legis.la.gov
(Copyright 2012 by The Associated Press. All Rights Reserved.)
