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Ohio Bill Approves Two Bonus HTC Allocations, Ends Bonus System

Friday, January 6, 2017 - 9:45AM

Ohio Gov. John Kasich signed a bill authorizing bonus $25 million awards of the state historic tax credits to two catalytic properties that did not receive the awards originally, but also ends the state’s bonus-award system. Kasich signed S.B. 235 on Dec. 27, which included a provision to end the state’s $25 million award that was given in 2015 and 2016. However, a provision allowed properties that applied for, but didn’t receive, the bonus credits in the 2016-2017 round to receive them now–specifically the May Co. building in Cleveland and the former Goodyear headquarters in Akron.

 

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