The Study In the summer of 2019, Cleveland’s Office of Community Development and the Equitable Community Development Working Group commissioned a study (the “Study”) to identify the historic usage of the City’s Tax Abatement Program (the “Program”), as well as the...
Ohio’s General Assembly recently voted to temporarily double its Ohio Historic Preservation Tax Credit (OHPTC) award cap and increase, then reduce Ohio’s Opportunity Zone (OZ) Tax Credit cap. For state fiscal years 2023 and 2024, the SB 225 permits the Ohio Director...
Ohio recently announced the first round of grant awards for the state’s Brownfield Remediation Program. Ohio dedicated nearly $350 million for the program administered by the Ohio Department of Development through the 2021 state biennium budget bill, House Bill 110...
A property tax reform effort that originally commenced in 2018 in the Ohio House of Representatives has been signed into law by Governor Mike DeWine and will go into effect in mid-to-late July 2022. House Bill 126 (HB 126) was sponsored by Representative Derrick...
eVTOL Vehicles Create New Possibilities in Aviation Following years of innovation in aviation, battery and computing technologies, a new mode of transportation has emerged: the electric vertical takeoff and landing vehicle, or “eVTOL vehicle.” These striking machines...
Last week, just days ahead of the March 11 funding deadline, President Biden signed into law a $1.5 trillion Omnibus budget, the Consolidated Appropriations Act of 2022, to fund federal agencies for the rest of the year. Included in the budget were significant...
KJK successfully represented two applicants for the 2022 round of Ohio's Transformational Mixed-Use Development (TMUD) Program, which provides tax credits against development costs for projects that will be a catalyst for future development in their areas. Nearly $417...
Part 1: Accelerating Ohio’s Auto Industry On Feb. 16, 2022, State Senator Michael Rulli announced his “Accelerating Ohio’s Auto Industry” bill to assist automakers move into electrical vehicle manufacturing. This announced bill, if passed, will provide $15 million to...
On Nov. 15, 2021, President Biden signed into law the massive $1.2 trillion bipartisan Infrastructure Investment and Jobs Act (the “Infrastructure Law”). Touted as the single largest investment in American infrastructure in over a generation, the Infrastructure Law’s...
Ohio historic preservation and economic development projects may soon receive a large temporary boost from the Ohio General Assembly. Recently passed by the Ohio Senate and now under consideration in the Ohio House, Ohio Senate Bill 225 would double both the Ohio...