Loading chat...
OH HB474
Bill
Status
3/30/2010
Primary Sponsor
Kevin Bacon
Click for details
AI Summary
-
Adds "exempt energy air quality facility" definition for renewable energy projects filed with the Ohio Power Siting Board between January 1, 2010 and December 31, 2011, placed in service by December 31, 2012.
-
Exempts renewable energy facilities from property taxation if the Ohio Air Quality Development Authority certifies the facility creates and maintains jobs as projected by the job and economic development impact model during construction and operation.
-
Requires exempt facility owners to make annual service payments in lieu of taxes: $6,000 per megawatt of nameplate capacity for non-utility facilities or $5,000 per megawatt for public utility company facilities.
-
Imposes four conditions on exempt facility owners: offer power or renewable energy credits to utilities, repair roads affected by construction, provide emergency responder training and equipment, and make best faith efforts to employ majority in-state workforce.
-
Facilities cannot receive exemptions under both the traditional project tax exemption (Division B) and the new renewable energy exemption (Division C).
Legislative Description
To exempt from property taxation renewable energy facilities that are not financed through the Ohio Air Quality Development Authority and to require a payment in lieu of taxes on the basis of each megawatt of production capacity of such facilities.
Renewable energy facilities-exempt from property tax/payments in lieu of taxes
Last Action
To Alternative Energy
3/30/2010