Marshall may seek 'clawback' from AGC Flat Glass

Representatives of a former Marshall business got a chilly reception Monday night as they asked the Marshall City Council not to make them pay taxes for the time they were here.

Chris Correnti, vice president, general counsel and secretary for AGC Glass Company North America, appeared before the council to ask it to reconsider a March decision to "claw back," or charge the company for, more than $300,000 in taxes the company hadn't paid in the past because of a tax break.

"Let's cut to the chase -- are you here tonight to ask for relief or are you telling us that you're not going to pay?" Mayor Bruce Smith asked Correnti after he made a brief statement.

Correnti explained to the council that a clawback, in this case, should not be legal.

AGC Flat Glass North America received a 10-year tax break when the company opened a facility in 2001 at 1508 George Brown Dr. that made custom insulated glass for residential windows.

Read the full story on the link bellow.

600450 Marshall may seek 'clawback' from AGC Flat Glass
Date: 13 December 2010

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