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Saturday, November 23, 2024

Ohio house passes bill to expand renewable energy tax credit

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State Rep. Mark Johnson | The Ohio House of Representatives

State Rep. Mark Johnson | The Ohio House of Representatives

The Ohio House of Representatives passed House Bill 264 on Wednesday, a legislation aimed at expanding the type of facilities eligible for the Renewable Energy Tax Credit in the state. The announcement was made by State Rep. Mark Johnson (R-Chillicothe), who sponsored the bill alongside State Rep. Justin Pizzulli (R-Scioto County).

Specifically, the bill will broaden eligibility for the Renewable Energy Tax Credit to include facilities that produce energy through steam recovered from waste heat.

Johnson stated, “This tax credit will help support local jobs and incentivize using a clean source of energy.” He further emphasized that whether one's interest lies in environmental protection, maintaining competitiveness of industrial facilities, or ensuring American steel remains standard, this legislation is beneficial for all.

Echoing Johnson's sentiments, Pizzulli noted during the session that by expanding this tax credit, more industries are incentivized to harness and repurpose what would otherwise be wasted energy. “This legislation promotes sustainable industrial practices that bolster our economy and protect our environment,” he said.

The inspiration behind this legislation was SunCoke Energy, an industrial facility located in Pizzulli’s district. The bill aims to reduce reliance on non-renewable energy sources and promote clean energy expansion in Ohio.

House Bill 264 now proceeds to the Ohio Senate for consideration.

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