Signed into law on July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) delivers sweeping federal policy changes with wide-reaching implications for developers, investors, and property owners. Economic and cost-benefit...more
7/14/2025
/ Affordable Housing ,
Business Taxes ,
Construction Industry ,
Energy Efficiency ,
New Legislation ,
One Big Beautiful Bill Act ,
Opportunity Zones ,
Real Estate Investments ,
Tax Credits ,
Tax Deductions ,
Tax Incentives
The generators providing electricity to a 13-state grid stretching from New Jersey to Illinois, including Ohio, will get a record $269.92 per megawatt-day from utilities to provide capacity over a 12-month period, which is...more
Last month, U.S. Senate Energy and Public Works Committee Chairman Shelley Moore Capito (R-WV) and U.S. Senator Mark Warner (D-VA) have reintroduced the bipartisan Rural Historic Tax Credit Preservation Act (S. 631). At a...more
Ohio has emerged as a key player in the Midwest’s economic development, particularly in the realms of technology and infrastructure. A standout feature of the state’s growth is the rise of data centers, which have become...more
3/6/2025
/ Artificial Intelligence ,
Cloud Computing ,
Cryptocurrency ,
Data Centers ,
Economic Development ,
Energy Sector ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Investment ,
Tax Credits ,
Tax Incentives ,
Technology Sector
On November 16, 2023, Congressman Mike Turner (R-OH-10) and Mikie Sherill (D-NJ-11) reintroduced the bipartisan Brownfields Redevelopment Tax Incentive Reauthorization Act (H.R. 6438) (BRTIRA). BRTIRA is designed to provide...more
12/11/2023
/ American Taxpayer Relief Act of 2012 (ATRA) ,
Brownfield Properties ,
Environmental Protection Agency (EPA) ,
Hazardous Substances ,
Historic Preservation ,
Incentives ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Low Income Housing ,
Redevelopment ,
Site Remediation ,
Tax Credits ,
Tax Incentives
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...more
6/7/2022
/ Community Development ,
Economic Development ,
General Assembly ,
Historic Preservation ,
Historical Rehabilitation ,
Investors ,
Opportunity Zones ,
Real Estate Development ,
Real Estate Investments ,
Tax Credits ,
Tax Planning
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...more