Bookmark this page on your mobile

QR Code image

What is this?

Daily Court Reporter - News State Republicans offer new plan to lure more 'megaprojects' to Ohio

 

State Republicans offer new plan to lure more 'megaprojects' to Ohio

KEITH ARNOLD, Daily Reporter Staff Writer

A Republican plan to make the state even more competitive for businesses looking to site the next large-scale development within the state proposes doubling the term of tax breaks, while at the same time, giving the state an exit clause.

The beauty of this proposal, said Hilliard Sen. Stephanie Kunze, a joint sponsor of the bill, is the narrow tailoring that makes its provisions apply only to the largest of companies.

The largest companies planning the biggest projects, rather.

Senate Bill 95 applies to the "megaproject" - a project that requires unique sites, extremely robust utility service and a technically skilled workforce, while compensating employees at an average hourly wage of at least 300 percent of the federal minimum wage, excluding benefits.

Additionally, these megaprojects must satisfy a requirement for fixed-asset investments to equal at least $1 billion or for payroll of Ohio employees reaches the $75 million mark.

"One of the greatest responsibilities we have in the Ohio General Assembly is to make Ohio competitive and more attractive than other states, to encourage businesses to locate and grow in Ohio and to employ our citizens," Kunze told fellow senators seated on the Ways and Means Committee. "When Ohio misses out on opportunities to create jobs, not only do our local governments miss out on new tax revenue, more importantly, Ohioans are not afforded the opportunity to be gainfully employed and provide for their families with well-paying jobs.

SB 95 would authorize lengthening the maximum term of the refundable Job Creation Tax Credit, or JCTC, from the current 15 years to 30 years and the local community reinvestment area or enterprise zone property tax exemptions to 30 years.

Additionally the measure would authorize assignment of all or a portion of a megaproject supplier's JCTC to the megaproject's operator and a commercial activity tax exclusion for gross receipts of a megaproject supplier from sales to a megaproject operator.

The executive director of Pickaway County's economic development organization, P3, supported Kunze's assertion of what such investment can mean for the region.

"Pickaway County is in the midst of an historic period of growth and recovery," Ryan Scribner said. "Our community has been the recipient of $1.7 billion of private capital investment, resulting in 3,500 new manufacturing and logistics jobs in the last eight years.

"The impact of this growth is having a profound impact on our small county of just 56,000 residents."

Scribner based the county's success on taking advantage of strategic intergovernmental partnerships with the county and Columbus in the northern reaches of the county.

And, yet, with this amount of success, there were megaprojects that have passed on the county, he said.

"We know from benchmarking with other states that similar measures have been taken to ultimately win these transformative development projects," he said. "My hope is that through the passage of SB 95, Ohio will equip itself with the tools needed to win the types of projects that will no only sustain economic recovery, but propel us into a whole new level of prosperity."

SB 95 ensures checks and balances by way of an annual review to ensure that the requirements are still being met in the signed agreement between the state and the megaproject.

"If it is discovered that the agreement has not been met, the tax authority can cancel the terms of the agreement," Kunze said.

The measure is necessary to make Ohio more attractive for large companies to invest and build their companies here, she concluded.

Sen. Bob Peterson, R-Sabina, is joint sponsor of the bill.

A third hearing of SB 95, which has cosponsor support of four fellow senators, had not been scheduled at time of publication.

Date Published: June 3, 2019

 

Copyright © 2019 The Daily Reporter - All Rights Reserved

 

Convicted felon sentenced to 42 months in prison for illegal gun possession

DAYTON – Christopher Watson, 29, of Dayton, was sentenced in U.S. District Court to 42 months in prison followed by three years of court supervision for illegally possessing a firearm.

Crafted in Cincinnati, Ohio: Brewmania announced for October

CINCINNATI, OHIO --- BREWMANIA, a brand new three-day event crafted in Cincinnati, Ohio will be a celebration of the Queen City’s craft beer industry and take place October 1-3, 2019. BREWMANIA will take place at various locations throughout Cincinnati as outlined and explained below, for a full list of participating locations please visit: www.brewmania.com/venues.php. Also, attendees of Brandemonium will be able to access Brewmania at no charge.

Students ‘appeal’ to justices at state moot court competition

Justices Patrick Fischer and Melody Stewart were among the panel of judges for latest state moot court championship won by Danville High School.

Fewer regulations for small Ohio wineries sought

A plan to free the owners of the state's smaller wineries from overburdensome regulation made its way to a committee in the Ohio House of Representatives recently.

Legislation would expand August sales tax holiday

Just as the current school year races to completion, lawmakers in the Ohio House of Representatives have taken up a measure intended to leave some money in the pockets of Ohio consumers when outfitting their kids for next school year.

1971 Columbus school incident led to landmark Supreme Court decision

The 1975 U.S. Supreme Court Case, Goss vs. Lopez, provided due process rights for students suspensions and expulsions from school.

Lessons from Brooklyn

E Pluribus Unum. Out of many, one.

Search of man walking near where gunshots heard was constitutional

A police search of a man walking and talking on his cell phone in an area where gunshots were fired no more than 60 seconds earlier was lawful, and the handgun obtained during the search can be used as evidence, the Ohio Supreme Court ruled recently.

Sales Tax Law of 1935 changed how Ohio funds its schools

During the Great Depression, public schools in Ohio faced a financial crisis. Most schools received their funding through property taxes, according to Ohio History Connection.

Groundbreaking aviation technology set for testing in Ohio

The Ohio Unmanned Aircraft Systems Center and U.S. Air Force Research Laboratory plans to begin testing groundbreaking aviation technology at the Springfield-Beckley Municipal Airport, according to an announcement by Gov. Mike DeWine.

ODNR to launch new conservation teen advisory council

The Ohio Department of Natural Resources (ODNR) is seeking high school students to serve as founding members of the Conservation Teen Advisory Council (ConTAC), a new initiative to empower the youth voice. ConTAC is designed to become a statewide network of student-leaders working together to enhance ODNR’s youth outreach and program efforts.

Supreme Court of Ohio considers declaring an end to “free bite” rule for dogs

The Ohio Supreme Court on Wednesday, May 8th, heard four oral arguments, including one from the city of Cincinnati disputing an interpretation of state law that contends a dog must be designated “dangerous” through a formal process before a local government can seek restitution from a dog owner whose dog has bitten or injured a person or another animal.

ODNR provides more than $297,500 to help support Ohio rural fire departments

The Ohio Department of Natural Resources (ODNR) Division of Forestry strives to support Ohio’s rural fire departments and the communities they serve. Through the Volunteer Fire Assistance (VFA) grant program, the Division of Forestry recently approved grant funding for 52 projects totaling $297,520 for fire departments in rural parts of eastern and southern Ohio. The protection of life, property and forest resources provided by cooperating fire departments is important to all Ohioans.

Refund checks coming to tech support scam victims

A dozen Ohioans who fell victim to a widespread tech support scam will soon receive refunds totaling more than $5,000, Ohio Attorney General Dave Yost and the Federal Trade Commission announced recently.

DeWine, Husted announce InnovateOhio platform

Ohio Governor Mike DeWine and Lt. Governor Jon Husted today announced the launch of the InnovateOhio Platform, which will coordinate data and resources across state government to improve the way Ohio tackles our most challenging problems. It will also streamline technology service across agencies to give Ohio citizens and businesses a better experience when interacting with state government.

Judge cannot block Cleveland Fire Department’s shift-change order

The Ohio Supreme Court recently lifted a hold placed by a Cuyahoga County judge on the Cleveland Fire Department’s move to change the starting time of its 24-hour shifts.

ODNR Reminds Ohioans to leave young wildlife in the wild

The spring season has arrived, offering many opportunities for Ohioans to help protect young wildlife. Each year, Ohio Department of Natural Resources (ODNR) Division of Wildlife offers this simple advice: enjoy wildlife from a distance and leave young animals alone. Wild animals are born to live their lives in the wild, and sometimes good intentions can hurt their chances of survival.

Glass company owner pleads guilty to not paying employment taxes

Also admitted filing false tax returns and failing to file returns

Second version of Ohio Constitution has changed little since its creation

Minus some Progressive reforms added in the early 20th century, the second iteration of the Ohio Constitution remains the fundamental law today.

Current city official, former Dayton City Commissioner among those charged with fraud

DAYTON – A federal grand jury here has returned indictments against a former Dayton city commissioner, a current city official and two Dayton businessmen, charging them with fraud and public corruption.