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Ohio Looks To Reclaim GM Tax Break
The Point out of Ohio is taking into consideration clawing again tax credits that it granted to Common Motors in exchange for a dedication by the corporation to continue to keep open up its Lordstown auto plant. According to a report originally published by ProPublica and The Enterprise Journal, dependent in Youngstown, Ohio, the state Development Solutions Company tprevious GM in March it was recommending the Ohio tax authority terminate the tax agreements and gather a total refund. GM was awarded $sixty million in tax credits in 2009. The corporation was needed to continue to keep the plant open up until 2028 to qualify for $forty six.1 million of the breaks, and until 2037 to acquire the remaining $14.2 million. GM…