The Supreme Court heard a case on corporate subsidies that could have a major impact on the legality of state and local tax incentives used as a means to spur economic development.
The case before the court was filed by a group of Ohio residents and small business owners who are challenging $280 million in state and local tax breaks given to DaimlerChrysler for investing $1.2 billion in Toledo, Ohio, to expand a factory in 1998.
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