Ohio Attorney General Dave Yost is asking the state’s economic development office to make General Motors repay $60 million in tax incentives the company received to develop and run its Lordstown plant, which the company pulled out of last year.
Yost’s Tuesday brief urges the Ohio Tax Credit Authority to request for full refund of GM’s tax credit certificate for the Lordstown plant.
“Profit, it has long been said, is not a dirty word in Ohio. But a broken promise is,” Yost (R) said in his brief. “We want our money back, and the Ohio Tax Credit ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.