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Supreme Court OKs use of incentives to lure business

In a victory for business, the Supreme Court on Monday rebuffed the efforts of a group of taxpayers in Toledo, Ohio, to challenge nearly $300 million in tax breaks for DaimlerChrysler AG’s new Jeep plant.

Chief Justice John Roberts said in the 9-0 decision that the alleged injury to the taxpayers was mere conjecture and that they had no standing to challenge tax or spending decisions ”simply by virtue of their status as taxpayers.”

DaimlerChrysler called the ruling ”a big win for America” and said Congress and the states should seek legislation to reinforce the ability to use tax incentives as a tool to compete for investment and jobs.

Full Story: http://www.sltrib.com/business/ci_3827114

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