Pipelines could get zero-interest loans and robust property tax discounts under bill, which goes to House floor.
FILE - In this Oct. 22, 2019 file photo, pipes lay along a construction site on the Mariner East pipeline in a residential neighborhood in Exton, Pa. COLUMBUS, Ohio – Bipartisan members of an Ohio House committee voted Tuesday to advance legislation that would provide interest-free loans and tax cuts for natural gas pipelines in areas deemed to have insufficient gas infrastructure in place.
Should the bill become law, local governments could access $20 million of state funds in interest-free loans to buy easements on property intended for a new gas pipeline. And that pipeline’s developer could exempt up to 75% of its value from its property taxes, providing savings on the scale of millions of dollars.
Senate committee could vote this week on watered-down hospital price transparency bill: Capitol LetterCoal bailouts will have added $500M to Ohioans’ electric bills by the end of 2024 If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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