Fog Surrounding Ohio's Investment Tax Credit

Earlier this month, the U.S. Supreme Court heard oral arguments in DaimlerChrysler Corp. v. Cuno, a closely watched case involving the constitutionality of Ohio's machinery and equipment investment tax credit program. Initially filed in Lucas County common pleas court by state and local taxpayers, including a Toledo business that was being displaced through the city's use of eminent domain, this case challenges the $280 million in state and local tax breaks that DaimlerChrysler received in the late 1990s as an inducement to construct its new $1.2 billion Jeep plant in Toledo.