The Supreme Court considered on Wednesday whether taxpayers can challenge lucrative tax breaks that elected officials give businesses as incentives to expand or relocate. The Court's decision in the case brought by DaimlerChrysler could have a significant effect because nearly every state uses billions of dollars in tax breaks to attract companies. At issue is whether taxpayers who lost their homes and businesses have a right to bring a lawsuit and, if so, whether an investment tax credit is constitutional.
March 02, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Supreme Court grappled Wednesday with whether taxpayers can challenge lucrative tax breaks their elected officials give to businesses as incentives to expand or move operations into certain cities or states.
The high court’s decision in the case brought by DaimlerChrysler Corp. could have a significant impact nationally because nearly every state uses billions of dollars in tax breaks to attract companies.
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