Ohio Gov. Ted Strickland signed an executive order implementing rules that eliminate Ohio's tangible personal property tax and real property tax on qualified advanced and renewable energy projects. The rules flesh out the particulars of Ohio Senate Bill 232, enacted earlier this year, which authorized the exemption.

The elimination will affect projects that begin construction before January 1, 2012, produce energy by 2013 (or 2017 for nuclear, clean coal and cogeneration projects) and create Ohio jobs. In lieu of real and tangible personal property taxes, the law levies substantially lower service payments based on a project's energy production levels and commitment to Ohio jobs. Companies may submit applications for projects now. The rules and application will be available on the Ohio Department of Development's website at www.development.ohio.gov.