Fog Surrounding Ohio's Investment Tax Credit
Akron Beacon Journal
constitutional law, tax law, investment tax credits
Earlier this month, the U.S. Supreme Court heard oral arguments in DaimlerChrysler Corp. v. Cuno, a closely watched case involving the constitutionality of Ohio's machinery and equipment investment tax credit program. Initially filed in Lucas County common pleas court by state and local taxpayers, including a Toledo business that was being displaced through the city's use of eminent domain, this case challenges the $280 million in state and local tax breaks that DaimlerChrysler received in the late 1990s as an inducement to construct its new $1.2 billion Jeep plant in Toledo.
Steven H. Steinglass, Fog Surrounding Ohio's Investment Tax Credit, Akron Beacon Journal (March 20, 2006)