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House panel hears sponsor testimony on bill to standardize sales-tax exemptions for large port-linked projects
Summary
The Ohio House Development Committee heard sponsor testimony on substitute HB147, which would amend sections of the Ohio Revised Code to require sales-tax exemptions for construction materials on qualifying public infrastructure projects with at least $25 million in expenditures and provide an appeal path if a port authority unreasonably denies an exemption.
Vice Chair Lorenz testified before the Ohio House Development Committee in support of substitute House Bill 147, saying the measure "would support economic development, improve infrastructure investment, and would remove unnecessary barriers" for projects developed in partnership with port authorities. The substitute (adopted as the working document) would amend sections of the Ohio Revised Code…
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