In the past, personal property tax rates in Ohio have caused more than one potential employer to think twice about the Buckeye State. Trying to compensate for those taxes by using abatements locally to level the playing field is an option for companies like Iberdrola Renewables.
One of the proposals, Senate Bill 232, would replace property taxes with a flat fee amounting to around $12,000 per wind turbine. That money would be divided among local taxing bodies according to the current rates.
The trade-off from the wind company would be an agreement to repair roads damaged by construction and to train and equip emergency responders. Litchfield pointed out that his company was already going to do both.
(Click to read the entire article)
0 comments:
Subscribe to:
Post Comments (Atom)