Qualified Energy Projects
The Ohio General Assembly recently enacted Sub. S.B. 232, which (among other things) exempts certain qualified energy projects from real and personal property taxation for upcoming tax years; expands the solar panel revolving loan program to include other alternative energy technologies; and requires the Public Utilities Commission to study reactive power in the state.
[Note: Vorys has published two client alerts looking at this bill in greater detail. The first looks at new low-interest options for financing alternative energy projects. The second looks at the advanced energy property tax exemptions.]