3 states offer big tax breaks for Shell Oil plant
Copyright Getty Images
Posted: 02/01/2012
PITTSBURGH - Pennsylvania, Ohio and West Virginia are competing with one another in a bid to offer the sweetest package of tax breaks to Shell Oil Co., as the states hope to win what the company says will be a huge, new petrochemical refinery in the region.
But some are questioning why there's been scant public discussion over exactly what's being offered, and how the deals may affect communities and the region.
Some experts say that if big businesses get tax breaks, that leaves only small businesses and individuals to pay for roads, schools, and other infrastructure.
West Virginia has offered a 25-year property tax break, Pennsylvania 15 years, and Ohio has reportedly offered major incentives.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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