Ohio's legislature has passed renewable energy tax reform. Sub S.B.232 passed the House by a vote of 91-7; the Senate concurred shortly after passage by a vote of 27-5, with a final reconciled bill headed to Gov. Ted Strickland, D-Ohio, according to the coalition Wind and Solar Jobs for Ohio.
S.B.232 eliminates Ohio's tangible personal property tax on generation for advanced energy project facilities that begin construction before Jan. 1, 2012, produce energy by 2013 (or 2017 for nuclear, clean coal and cogeneration projects) and create jobs in Ohio.
‘The elimination of this tax improves Ohio's competitiveness and will spur job creation in the growing energy production industries,’ says Strickland. ‘I appreciate the legislature's commitment to growing the advanced energy industry in Ohio. I look forward to signing this bill as soon as it reaches my desk.’