Marshall may seek 'clawback' from AGC Flat Glass

Date: 13 December 2010

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

Guardian Glass is marking the 30th anniversary of the SunGuard™ architectural low-E coated glass product line in 2025.
A recent evaluation by ift Rosenheim has validated the performance of the Sparklike Handheld 3.0™ for measuring gas concentration in insulating glass units (IGUs).
AGC Glass Europe announces a major investment in a new insulating vacuum glass production line at its Lodelinsart site (Belgium).
Effective 1 January 2025, AGC Glass Europe acquires Sicherheitsglastechnik Oelsnitz GmbH (SGT), Verwaltungsgesellschaft Schuler & Weiß OHG, and its subsidiary SG Transport GmbH, expanding its safety glass operations in Germany.
Sparklike is proud to celebrate a major milestone: the delivery of their 2000th Sparklike Handheld device to Insul-Lite Manufacturing.
In a few days, the leading trade fair BAU will open its doors and the Glas Trösch Group will once again be represented in Munich.

Add new comment

From industry

2200 W. Salzburg Rd.
Auburn , MI 48611
United States

NEWS RELATED PRODUCTS

Glas Trösch Holding AG
Guardian Glass Europe
Thermoseal Group Ltd.