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Officials: Ohio tax ruling won't affect Michigan.(News)(Brief Article)
Crain's Detroit Business, September, 2004 by Lane, Amy
Byline: Amy Lane, Robert Ankeny Michigan's single-business-tax incentive program isn't likely to be affected by a U.S. 6th Circuit Court of Appeals ruling Sept. 2 that an Ohio tax incentive plan is unconstitutional, said a state official and a tax lawyer. "It's a gigantic issue that would be devastating, but I don't think it applies in Michigan,'' said Carl Rashid of Butzel Long P.C.
The case in question involved $280 million in tax breaks given to DaimlerChrysler AG's Chrysler Group to build a $2.1 billion Jeep plant in Toledo. Rulings from the 6th Circuit Court are considered law in Ohio, Michigan, Indiana and Tennessee, and are looked at by other federal courts for guidance. Rashid said that the 6th Circuit ruled that Ohio's investment tax credit...
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