To offer an “incentive,” Jindal lowered corporate income taxes so that state revenue from such companies fell from $703 million in 2008 to $290 million in 2012. He lowered oil severance taxes so that the state received over $1 billion in 2008 but less than $886 million in 2012. It also lost another $2.4 billion between 2000 and 2014 because some oil companies were exempted from oil severance taxes altogether.
