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OH HB534
Bill
Status
5/3/2012
Primary Sponsor
Lorraine Fende
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AI Summary
HB 534 Summary
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Creates two grant programs through the Third Frontier Commission: a data center development grant program (up to $50 million total, $5 million per eligible partnership) and a high speed fiber optic network grant program (up to $25 million total) to support data center establishment in Ohio.
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Defines eligible partnerships as for-profit business entities partnered with state institutions of higher education, with grants funded from the Third Frontier Research and Development Fund.
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Authorizes the Third Frontier Commission to adopt rules establishing eligibility criteria, application procedures, evaluation standards, and monitoring requirements for both grant programs.
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Modifies the kilowatt-hour excise tax in section 5727.81 to allow electric distribution companies serving qualified data centers (those receiving development grants) to charge discounted rates while calculating excise tax based on a "discount ratio" that proportionally reduces the tax owed.
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Permits eligible grant recipients to simultaneously participate in other financial assistance programs offered by the Department of Development.
Legislative Description
To authorize the Third Frontier Commission to award grants related to the establishment and operation of data centers and the development of a high speed fiber optic network in the state, and to authorize a kilowatt-hour excise tax reduction for electric distribution companies supplying such centers at a discounted rate.
Data centers/high-speed fiber optic network-grants/tax reductions
Last Action
To Public Utilities
5/3/2012