Published by Bricker & Eckler LLP

Feb 26, 2010

Legislature moves on Strickland's renewable energy tax proposal
 

State Sen. Chris Widener (R-Springfield) has introduced a bill that would scrap the tangible personal property tax currently levied on wind- and solar-power generating facilities. Under Widener's bill, in lieu of the tax, companies that build such facilities would pay an annual fee based on how much power they generate. The bill is a response to Governor Ted Strickland's proposal earlier this year to suspend Ohio’s tangible personal property tax on generation for wind and solar companies that break ground on projects in 2010, produce energy by 2012, and create Ohio jobs in the process. Rep. Roland Windburn (D-Dayton) also has a bill in the works, but has yet to introduce it in the Ohio House.


 
Posted by C. Montgomery  in  Renewable Energy    |  Permalink

 

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