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.]