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OAQDA routinely works with companies that sell equipment or services to help control or prevent air pollution, or achieve energy efficiency and savings. Customers of such companies may qualify for tax incentives made available through the Ohio Revised Code. This benefit, which only OAQDA can provide, can help businesses recover some of the costs associated with improving air quality or energy usage.
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OAQDA/CARC benefits |
Affected businesses & processes |
 Projects financed through OAQDA are exempt from:
• Real property tax assessment for the life of the loan;
• Tangible personal property tax assessment for the life of the loan;
• Calculation of the corporate franchise tax for the life of the loan;
• Sales and use tax for purchase of equipment to reduce air pollution or improve energy efficiency. |
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 Affected businesses may be those businesses which emit volatile organic compounds (VOCs), nitrogen oxides (NOx), or sulfur dioxides (SO2), use asphalt, rubber, metal finishers, plastics, or synthetic materials in the manufacturing or construction trades, or perform work involving the coating or painting of metal surfaces. Steel companies, automobile manufacturers, chemical and utility companies are all impacted by the requirement to control air emissions and would be eligible for OAQDA incentives. |
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