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APR 01, 2014 - San Francisco Chronicle

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Iowa lawmaker wants end to Orascom tax credits

DES MOINES, Iowa (AP) — An Iowa Senate Democrat has introduced legislation intended to halt the last transfer of state tax credits to a fertilizer plant in southeastern Iowa. In 2012, Gov. Terry Branstad promised the company $100 million in investment tax credits, in addition to other federal, state and local incentives, in exchange for the creation of 165 permanent jobs in Iowa.

Tags: Iowa lawmaker wants end to Orascom tax credits,  Iowa Latest News