Breakthrough Technologies Institute - Fuel Cells 2000
Breakthrough Technologies Institute - Fuel Cells 2000
Breakthrough Technologies Institute - Fuel Cells 2000
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Hydrogen Tax Exemption<br />
www.legis.nd.gov/assembly/59-2005/bill-text/FBJP0100.pdf<br />
A new subsection to section of the North Dakota code, enacted in 2005, offers a sales<br />
and use tax exemption for the retail sale of hydrogen and equipment used in production,<br />
storage, and transportation of hydrogen by a hydrogen generation facility. The<br />
subsection also includes a special fuels tax exemption for sales of hydrogen for any<br />
purpose.<br />
Contact:<br />
Office of the State Tax Commissioner<br />
600 E. Boulevard Ave.<br />
Bismarck, ND 58505-0599<br />
Phone: (800) 638-2901 or (701) 328-2770<br />
Fax: (701) 328-3700<br />
Web: www.nd.gov/tax<br />
1. PLANS/STRATEGIES<br />
OHIO<br />
Ohio <strong>Fuel</strong> Cell Initiative<br />
www.governor.ohio.gov/releases/051105<strong>Fuel</strong>Cell.htm<br />
Introduced in 2002, the Ohio <strong>Fuel</strong> Cell Initiative is a $103 million effort to promote fuel<br />
cell technologies in the state. The Initiative is part of the Third Frontier Project, a $1.1<br />
billion job creation program to create jobs and bring new products to market.<br />
Core focus areas of the <strong>Fuel</strong> Cell Initiative are to:<br />
Funding:<br />
• Expand the state’s research capabilities;<br />
• Participate in demonstration projects, including hydrogen infrastructure; and<br />
• Expand the fuel cell industry in Ohio.<br />
Financing - $75 million<br />
• $15 million from the Ohio Department of Development to help Ohio's fuel cell<br />
companies make new strategic capital investments that will create or retain<br />
jobs for Ohio citizens.<br />
• Up to $60 million ($20 million per year) in federal volume cap for tax exempt<br />
financing of qualified, small issue projects over the next three years.<br />
• Loan program to provide interest reduction up to 50% of the market rate on<br />
the eligible energy efficiency costs max $250,000 per project.<br />
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