An Update: Ohio Legislature Gives Tax Relief to Solar, Wind and Other Renewable Energy Producers

To update the earlier posting, please note that yesterday Ohio Governor Strickland signed Senate Bill 232 with an emergency clause, making the new law effective June 17, 2010. In addition to the matters discussed in my most recent post, the Bill also contains provisions related to the cost of compliance determination for Ohio’s renewable energy portfolio standard and allows special improvement districts to be used to impose special assessments to finance renewable energy improvement projects in municipalities and townships.