Company Can't Ditch Ohio And Keep Tax Breaks, Court Says

Law360, New York (May 2, 2014, 5:08 PM ET) -- The Ohio Courts of Appeal on Thursday said a local town was within its rights to slap a major sewing manufacturer with more than $359,000 in back taxes after the company enjoyed 10 years of favorable tax treatment under a 15-year tax abatement agreement before moving out of state.

In a split opinion, Judge Sean C. Gallagher said the community reinvestment area agreement entered into between VSM Inc., the city of Westlake and other municipal entities required VSM to remain in the city for 15 years...
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