The Ohio Air Quality Development Authority (OAQDA) is a non-regulatory agency created by the Ohio General Assembly in 1970. Using the tool of conduit financing, OAQDA qualifies projects for tax exemptions if the projects contribute to better air quality.
OAQDA helps businesses qualify machinery and equipment improvement projects for tax exemptions. The project does not have to be in response to a regulatory mandate.
Simply put, if the project or improvement cleans the air (directly or by being more energy efficient), in most instances it can be financed by you through OAQDA to achieve tax benefits.
OAQDA is committed to helping businesses obtain the most productive equipment in the most cost-effective ways possible to improve air quality and energy efficiency. In fact, many companies realize both tax savings and lower utility bills through additional savings on energy efficiency projects.