Thursday, January 20, 2005
The State of Ohio has lost its bid to reverse a federal appellate court ruling that held the state's investment tax credit violates the Constitution.
A three judge panel for the Sixth Circuit had ruled that the investment tax credit interferes with interstate commerce and is, therefore, unconstitutional. The State had tried to get the full 12 member court to reverse the ruling, but the full court decided not to intervene.
The State will now make an appeal to the U.S. Supreme Court. Read more here, here and here.
posted by Ed Morrison |
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Background on Ed Morrison
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Ohio loses appeal on tax incentive
