Council further requests annual reports on exemption status' to promote regular accountability
NEW ORLEANS - Today, President Helena Moreno and the New Orleans City Council continued their work to account for the tax status of properties classified as exempt under the Industrial Tax Exemption Program (ITEP). Since last spring, Moreno and Together New Orleans have been unearthing information indicating that many properties currently considered "exempt" are in fact no longer exempt - in some cases going many years back. These exemptions excuse largely major corporations from paying millions in property taxes.