 Projects financed through OAQDA are exempt from:
• Real property tax assessment for the life of the loan;
• Tangible personal property tax assessment for the life of the loan;
• Calculation of the corporate franchise tax for the life of the loan;
• Sales and use tax for purchase of equipment to reduce air pollution or improve energy efficiency. |
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 Affected businesses may be those businesses which emit volatile organic compounds (VOCs), nitrogen oxides (NOx), or sulfur dioxides (SO2), use asphalt, rubber, metal finishers, plastics, or synthetic materials in the manufacturing or construction trades, or perform work involving the coating or painting of metal surfaces. Steel companies, automobile manufacturers, chemical and utility companies are all impacted by the requirement to control air emissions and would be eligible for OAQDA incentives. |
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