![Panel Delays Incentives On Louisiana Fuel Plant](http://townsquare.media/site/36/files/2012/08/money.jpg?w=980&q=75)
Panel Delays Incentives On Louisiana Fuel Plant
A legislative committee has decided to delay their approval for incentives for a huge fuel plant planned for southwestern Louisiana.
Some members complaining they don't have enough information about the cost of tax incentives used to lure the facility.
Gov. Bobby Jindal's economic development chief, Stephen Moret fought the delay.
Moret said the project by South African energy company Sasol Ltd. will — from the beginning — create more tax revenue than the state grants in incentives.
But the Joint Budget Committee delayed the project until its next meeting — likely in two weeks. Some members complained that a lack of information on the cost of incentives make the creation of an annual budget difficult.
Approval of a Lockheed-Martin project also was delayed, without discussion.
Gov. Bobby Jindal's economic development chief, Stephen Moret fought the delay.
Moret said the project by South African energy company Sasol Ltd. will help to generate more tax revenue than the state grants in incentives.
But the Joint Budget Committee delayed the project until its next meeting — likely in two weeks.
Some members worried that by approving the project now without more information would mean they wouldn't know how to budget for it each year.
Approval of a Lockheed-Martin project also was delayed, without discussion.
More From News Talk 96.5 KPEL
![Truck Crashes Through Louisiana Convenience Store, Injuries Unknown](http://townsquare.media/site/36/files/2024/07/attachment-451428443_875361657961063_9009058308210370374_n.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)
![Breaux Bridge Man Drowns After Car Plunges into Pond](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16-copy.jpg?w=980&q=75)
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![CHECK IT OUT: You Can Rent This Awesome Tower in New Iberia, Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-new-iberia-airbnb-2.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)