Friday, June 18, 2010

Ohio advanced energy tax bill

Gov. Strickland also signed SB 232 yesterday, which is hoped to strengthen Ohio's competitiveness in energy production industries and will make it easier for companies to do business in the state.

"Under the bill," a USAToday article this morning said, "companies would get the break if they create Ohio jobs, begin construction before 2012 and produce energy by 2013 or 2017, depending on the type of energy; those companies will be able to make annual payments instead of taxes, thereby reducing the tax rates."

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