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Nebraska high court rules against Goodyear in tax-break case

By Associated Press

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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