Home Conservative Ohio attorney general wants GM to repay $60M in tax (Washington Examiner)

Ohio attorney general wants GM to repay $60M in tax (Washington Examiner)

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Ohio attorney general wants GM to repay $60M in tax credits – By Todd DeFeo (The Center Square) / July 1 2020

Ohio Attorney General Dave Yost wants General Motors to repay $60 million in state tax credits the company received.

In January 2009, GM received state tax credits for its former Lordstown plant, according to Yost. The attorney general contends GM promised to maintain operations at the location through 2028 and keep 3,700 jobs through 2040.

However, GM closed its Lordstown facility in 2019. Yost filed an Amicus Curiae brief with the Ohio Tax Credit Authority seeking a return of the credits.

“Profit is not a dirty word in Ohio, but a broken promise is,” Yost said in a tweet. “GM got $60 million in tax credits for jobs at its Lordstown plant, then killed the jobs.”

Continue to article: https://www.washingtonexaminer.com/politics/ohio-attorney-general-wants-gm-to-repay-60m-in-tax-credits

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