Mercury Marine to Repay Tax Credits to Okla.

Boat engine manufacturer Mercury Marine plans to repay tax credits it received from Oklahoma now that it plans to move jobs from the state.

Wisconsin-based Mercury Marine revealed the plans in a letter from company President Mark Schwabero to Oklahoma House Speaker Chris Benge and other state lawmakers on Tuesday.

Last spring, the state Legislature approved investment tax credits as an incentive for the company to move jobs in Wisconsin to its manufacturing plant in Stillwater.

But last week, the company said it would move about 380 Oklahoma jobs to eastern Wisconsin within two years after union workers at the Fond du Lac, Wis., plant agreed to wage and benefit concessions.

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