High court doubtful about challenge to state tax incentives to companies that expand their investments in the state.
The Supreme Court seemed unlikely Wednesday to second-guess a plan by Ohio legislators to offer lucrative tax incentives to companies that expand their investments in the state.
In arguments before the justices, Ohio and Michigan taxpayers who object to the plan had a hard time on several fronts. First, the justices seemed skeptical the taxpayers even had standing to challenge the plan in federal courts.
Beyond that, the justices who spoke up during the hearing seemed to think the dispute over such tax incentives was political in nature, and best left to elected officials to settle.
By Stephen Henderson
Knight Ridder Newspapers
Montana Needs to Develop a More Robust and Active Funding Environment for Entrepreneurs and Startups http://www.matr.net/article-17845.html
Senate Bill 511 Veto upheld by a 71 to 70 split. It was specifically aimed at early stage investment in privately-held, small Montana corporations. http://www.matr.net/article-14856.html
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