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By Associated Press
POSTED: 09:42 a.m. EDT, May 02, 2008
LINCOLN, Neb.: The Nebraska Supreme Court has rejected arguments that replacement parts Goodyear Tire & Rubber Co. bought in 2002 should be exempt from sales taxes because it qualified for corporate tax breaks.
The high court agreed with state tax officials, who said Akron, Ohio-based Goodyear should not be reimbursed $14,310 for the taxes on the parts for equipment it already owned.
The state says Nebraska's corporate tax breaks are designed to encourage new investment in the state.
LINCOLN, Neb.: The Nebraska Supreme Court has rejected arguments that replacement parts Goodyear Tire & Rubber Co. bought in 2002 should be exempt from sales taxes because it qualified for corporate tax breaks.
The high court agreed with state tax officials, who said Akron, Ohio-based Goodyear should not be reimbursed $14,310 for the taxes on the parts for equipment it already owned.
The state says Nebraska's corporate tax breaks are designed to encourage new investment in the state.
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