16.10.2013 Views

Breakthrough Technologies Institute - Fuel Cells 2000

Breakthrough Technologies Institute - Fuel Cells 2000

Breakthrough Technologies Institute - Fuel Cells 2000

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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 />

161

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!