Attorney general seeks to deny Holtec $260M state tax break

New Jersey Attorney General Matthew J. Platkin is appealing to the state Supreme Court to ban Holtec International, a Camden nuclear technology firm dogged by a history of ethical issues, from collecting a $260 million tax break awarded in 2014.

Platkin, in a petition to the court filed Thursday, wrote that Holtec must not be allowed to get away with lying on its application for the largest tax break in state history. Rewarding Holtec’s “material” misrepresentations, Platkin argued, would undermine state contract law and encourage other applicants to deceive the state.

“The question is whether a business that concealed prior misconduct when seeking millions in incentives can nevertheless walk away scot-free,’’ wrote Platkin, who is contending that the appellate court which decided in favor of Holtec made critical legal errors.