Sikora Law has been advocating for the passage of Senate Bill 225 for many months now. That Bill would temporarily double the funds available in Ohio’s Opportunity Zone Program and Ohio’s Historic Tax Credit Program. Our firm drafted the Opportunity Zone language in that Bill. If passed, it would help mitigate construction cost increases with the incentive, and further improve the future of economic development in Ohio.
Senator Schuring (the Bill Sponsor) testified last week on the Bill before the House Ways and Means Committee. Yesterday, Rick Craven of our firm, provided proponent testimony in support of the Bill on behalf of NAIOP Ohio. To review Rick Craven’s testimony in support of SB 225, click here.
Contact your State Representative to ask your State Representative to urge the Ohio House to move expeditiously with the passage of Senate Bill 225.