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 glassonweb.com

See more news about:

Others also read

MY Shower Door and Mappi: a Top Ten partnership, when excellence is an everyday strength
We want to congratulate to MY Shower Door for their excellent result.
CGH to exhibit architectural glass solutions at GlassBuild America
CGH will be joined in booth #751 by J.E. Berkowitz (JEB), Dlubak Specialty Glass, Global Security Glazing, Solar Seal, and Columbia Commercial Building Products.
SentryGlas® delivers clarity, strength and safety at Shum Yip Upperhills
Laminated glass using SentryGlas® was chosen for safety and insulating glass was specified to improve thermal performance.
Epwin Glass unaffected by glass shortage
Recent reports suggest there is a glass shortage in the UK that is threatening to affect the supply of glass IGUs to the industry.
Glass sheet 9.000 x 3.210 mm
On the occasion of its OPEN HOUSE 2018, Forel presented the innovative IG line “No Limits 9000” for large size formats, able to process insulating glass panels of up to 9 x 3.30 metres.
National Glass Association Welcomes New Board Members
Association governing body now represents the entire supply chain.

From industry

Polígono Industrial El Bayo, parcela I, 19
24492 Cubillos del Sil León
Spain

NEWS RELATED PRODUCTS

Add new comment