Library filed under Taxes & Subsidies from Ohio
In a late-night session on Thursday, the Ohio House passed a version of Senate Bill 232 that can be sent to Gov. Ted Strickland. The house passed the bill on a 91-7 vote. Once the house vote was final, state senators passed the measure 27-5. The bill will change the way green energy firms like wind and solar companies pay taxes.
Time keeps on slipping for state lawmakers considering dueling bills aimed at luring green energy jobs to Ohio by easing the property tax burden on advanced and renewable energy projects. If lawmakers don't act soon, Ohio may miss out on wind energy companies looking to capitalize on a federal stimulus fund tax credit for wind projects that expires at the end of 2010, say Big Wind lobbyists.
Because of the state's efforts to enhance renewable energy in Ohio, at least seven projects are presently in the works around the "Buckeye State." Three of the proposals seek to develop wind farms across the Van Wert/Paulding county line.
A bill currently moving through the Ohio state legislature is a key factor in whether a wind farm proposed for construction in Paulding and Van Wert counties moves forward. Senate Bill 232 would designate annual payments in lieu of taxes of up to $7,000 per megawatt for energy developed through wind and solar projects. Currently, wind and solar facilities are taxed in Ohio as tangible personal property at rates as high as $40,000 per megawatt, according to industry sources.
Seven proposed wind energy projects -- including Black Fork Wind Farm -- might be at risk unless changes are made to Ohio's tax structure, a lobbying group says. Wind and Solar Jobs for Ohio, a coalition of businesses and groups, launched an effort this week to push state lawmakers to approve tax cuts for the wind energy industry.
The question of whether or not there will be a number of wind turbines dotting the landscape of Van Wert and Paulding counties may come down to a familiar issue - taxes. According to Dan Litchfield of Iberdrola Renewables, one of a handful of companies vying for local land rights for turbines, the tax rates could end up preventing the construction of Blue Creek Wind Farm. That project was to use approximately 160 turbines, 120 of those in Van Wert County.
Contrary to the Feb. 14 Beacon Journal editorial ''Wind win,'' Gov. Ted Strickland's proposal to exempt wind-turbine farms from the tangible personal property tax is a poor idea for at least seven reasons.
While Ohio Governor Ted Strickland touted elimination of tangible personal property taxes for wind and solar companies Tuesday, that prospect didn't sit well with representatives of the entities that stand to lose up to $1.4 million in first-year tax revenue if the Buckeye Wind project gains approval to construct 70 turbines in Champaign County from the Ohio Power Siting Board this year.
Ohio lags far behind the rest of the Midwest -- and most of the country -- in wind power use. ...So why does Ohio have one wind farm -- the four turbines at the Wood County Landfill in Bowling Green -- instead of windmills all over the northern part of the state? "In the past, other states have offered better incentives," said Joe Woods, managing director of North Coast Wind and Power LLC in Port Clinton.
Ohio's tax structure could blow holes in the state's plan to become a major wind energy center, a national wind trade group says. In a letter to Gov. Ted Strickland, the American Wind Energy Association argues that Ohio's tangible personal property tax on electric utilities could drive wind developers to neighboring states. Other Ohio businesses no longer pay tangible personal property taxes, which are imposed on a utility's equipment, such as generators and wires.
Wind energy development projects, like the wind turbine power projects slated for Champaign County, will not be immediately deterred despite President Bush signing legislation Wednesday that omits tax breaks for renewable energy resources. Everpower Renewables, a New York-based wind energy developer, hopes other opportunities will become available after the president signed the bill that did not renew a production credit for renewable energy ..."Without those available, it would definitely change the environment in which we're working," he said, adding that the company had hoped other incentives would have been added if the tax credit was cut.
Two northwest Ohio higher-education institutions may receive federal money from three bills the House Appropriations Committee passed recently without opposition....... Money was included for Bowling Green State University for two separate projects, each in a different bill The Energy and Water Appropriations Act includes $100,000 for BGSU's Coastal Wind Ohio partnership with the city of Huron, Ohio. The funding would allow BGSU to buy and install two wind turbines and wind-power experimentation stations for the Huron area.
State incentives aimed at developing wind energy in Ohio could mean a breath of fresh air for Rock Creek’s plan to erect a electricity-producing turbine in Conneaut. On Thursday, Gov. Ted Strickland announced $5 million in grants will be available to communities and others who develop wind-based energy programs.
The practicality and ecological consequences of erecting a wind turbine on the Maumee Bay shore will be the subject of a study for which the Toledo-Lucas County Port Authority board of directors yesterday approved hiring two consultants. The port board also took a procedural step that will allow a local preservation group to assume ownership of the Toledo Harbor Lighthouse.
The $53,500 grant is being dispensed as part of the Value Added Agriculture Product Market Development Grant Program. The money will fund a feasibility study of wind energy including wind testing using altimeter.
FOREST PARK - Gov. Bob Taft on Friday announced a new state pilot program to provide $25 million over five years to encourage wind power development in Ohio.