Media / Press Releases

Each time Louisiana AGC is interviewed, asked to speak on the radio, or conduct a TV Interview, we will post it here. Our Members can stay up to date through this page (as well as our Social Media Channels) to stay abreast when Louisiana AGC is spotlighted!

If you/your company has a Press Release you'd like to feature, please reach out to Lauren Fain at: [email protected]

The Advocate: February 8, 2024

Baton Rouge’s construction sector is growing rapidly.
It still needs more workers.

The Advocate Article- Written by: Robert Stewart | Staff Writer

LAGC & AGC of America host Media Event

2023 LAGC CM Scholarships

LAGC gave over $250,000 in scholarships this year and we know these Construction Management students will make us proud.

ULM School of Construction Management receives $250K from La. Contractors
The Louisiana State Licensing Board for Contractors and the Contractors’ Education Trust Fund presented a $250,000 donation to the ULM Foundation for the ULM School of Construction Management. The organizations have donated more than $1.5 million to contribute to the program’s growth. Pictured, from left, back row, are Sen. Glen Womack, Andy Dupuy, Garland Meredith, and ULM President Ron Berry, and in front, SCM Director Dr. Ed Brayton, Dean of the College of Business and Social Sciences Dr. Michelle McEacharn, and Vic Weston.

To date, the LSLBC had donated $1,142,000 to ULM's School of Construction Management, and the CETF has given $400,000 plus funded a $1 million endowed chair
The Louisiana State Licensing Board for Contractors and the Contractors’ Educational Trust Fund know graduates from the University of Louisiana Monroe School of Construction Management are among the best in the world at what they do.
That is why the organizations visited ULM on Sept. 30, 2021, to present a check for $250,000 to the ULM Foundation for the SCM. This marks the second year LSLBC and CETF donated $250,000 to the school. Read the Full Article Here

LAGC Wins Large Chapter of the Year | See Featured Article in ENR

As many of you know, LAGC held two webinars over the last few weeks to discuss the legislative special session on tax reform. The first webinar, titled ‘Review of Special Session on Tax Reform’, was held on November 15, and the second webinar, ‘What happened during the Special Session on Tax Reform", was held on December 9. Attached you will find the presentation materials and can also watch the video recording from the last webinar, here.Below are a few key points we want to highlight from our recent webinar on reviewing the outcome of the Legislative Special session on tax reform:

For national business tax climate competitiveness, Louisiana is projected to potentially improve from #40 to approximately #25, according to the Tax Foundation.
INVENTORY TAX – Parishes will have the option to exempt business inventory from property taxes through one of two choices: a full, immediate exemption with a one-time state monetary incentive, or a phased-in exemption over five years with the incentive distributed annually during that period. Parishes can additionally opt to not exempt inventory. Local governments must make their election by July 1, 2026, and once enacted, the exemption will be irrevocable. Additionally, the inventory tax credit for C-corporations will be repealed effective July 1, 2026, while it will remain in place for individual income taxpayers.
REHABILITATION OF HISTORIC STRUCTURES – The tax credit for Rehabilitation of Historic Structures will remain but will be capped at $85M annually for applications received on or after January 1, 2025.
VEHICLE SALES TAX – Temporary suspension (two fiscal years) of approximately $245M into the construction sub-fund of the Transportation Trust Fund (DOTD). Commitment of Governor and Legislative Leadership to backfill with surplus dollars.
SALES TAX – The state sales tax rate will increase to 5% beginning January 1, 2025, until December 31, 2029 and then it will reduce to 4.75% beginning January 1, 2030.
INDIVIDUAL INCOME TAX – The individual income tax will decrease to 3% beginning January 1, 2025.
CORPORATE INCOME TAX – The corporate income tax rate will decrease to 5.5% beginning January 1, 2025.
CORPORATE FRANCHISE TAX- The corporate franchise tax will be repealed beginning January 1, 2026.
VENDOR'S COMPENSATION CREDIT - The state vendor's compensation credit will be reduced to $750 per month. The local credit will be repealed.
GRACE PERIOD: - Neither sales tax bill (HB 8 or HB 10) includes a safe harbor provision to allow for a grace period.
FREIGHT & TRANSPORTATION – This topic was closely monitored and was included in the expanded services proposed bill – which did not pass. However, there is language in another bill that may enact this tax. Watch closely!