Article: Goodyear Tire Company Gets Decreased Tax Abatement in Smith County, Texas.

By Greg Junek, Tyler Morning Telegraph, Texas Knight Ridder/Tribune Business News

Mar. 16--A decision by Smith County commissioners on Monday to cut a proposed tax abatement investment amount by almost half was made at the Goodyear Tire & Rubber Co.'s request because that was the only amount estimated for expenditure thus far, a company official said.

In February, commissioners approved a four-year abatement for $21 million in capital investment. Abated taxes under the original agreement totaled $154,672.

But Goodyear was not ready to spend $21 million that quickly in its effort to retool to make larger tires.

Demand for the ...

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