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Source:
Los Angeles Times
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Carson settles $370M with Marathon
Carson has reached a $370 million settlement with Marathon Petroleum over disputed refinery taxes, following a legal battle and a Supreme Court ruling that affected refund procedures. The deal includes an upfront payment of $120 million and annual payments of $16.7 million for 15 years, with Marathon dropping its lawsuit and continuing to pay existing oil business taxes. In exchange, Carson withdrew a proposed refinery tax measure from the November ballot, securing financial stability as Marathon remains its only refinery after Phillips 66’s 2025 closure.
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