Isle of Wight repays International Paper $8.3 million in machinery taxes

International Paper’s Franklin mill operates on the Isle of Wight County side of the Blackwater River, bordering the city of Franklin. (File photo)

Isle of Wight County has refunded International Paper $8.3 million in machinery and tools taxes, plus interest.

A judge had ordered the county to repay IP $5.4 million in 2021 after ruling that the locality’s efforts to recoup a previous court-ordered M&T refund to the company were unconstitutional.

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