Ohio House approves tax credit for the rehabilitation of vacant industrial sites
On Wednesday, June 19, the Ohio House of Representatives passed H.B. 135, which would create a nonrefundable credit against the income tax and certain business taxes for the rehabilitation of certain vacant industrial sites. According to The Hannah Report, proponents of the bill said the credit would spur manufacturing and redevelopment in Ohio, particularly in areas that suffered plant closings. For more, read the full text of the bill.
